- Strategy bought 1,550 BTC after a rare 32 BTC sale.
- Bitcoin is stabilising near $63K after a sharp 20% monthly drop.
- Analysts split on whether the $60K support will hold or break lower.
Bitcoin has been moving through a volatile stretch marked by sharp liquidations, uneven recovery attempts, and conflicting signals from both technical indicators and institutional activity.
The latest development is Strategy’s decision to purchase 1,550 BTC worth about $101.3 million shortly after a controversial small sale of 32 BTC.
Strategy’s return to accumulation after a rare Bitcoin sale
According to an SEC filing dated June 8, Strategy’s latest purchase of 1,550 BTC was at an average price of $65,332 per coin.
Notably, this followed a short-term sale of 32 BTC, which generated about $2.5 million and was linked to funding corporate obligations, including preferred-share dividend payments.
The sale drew attention because it marked a rare departure from the company’s long-standing accumulation narrative.
Now with the disclosed purchase, Strategy appears to have quickly resumed buying, increasing its total holdings to roughly 845,000 BTC.
The contrast between the small sale and the much larger purchase has become central to market interpretation.
The Michael Saylor’s company remains the largest corporate holder of Bitcoin, and its return to buying after the rare sale has been interpreted by traders as an attempt to reinforce confidence at a time when Bitcoin is still recovering from a sharp drawdown.
Bitcoin stabilises after liquidation-driven crash, but trend remains uncertain
Bitcoin is currently trading around $63,800 after a turbulent week that saw it fall to around $59,300 after failing to hold above $62,00.
Over the past seven days, Bitcoin has declined about 10.9%, while the 30-day drop stands near 20.8%.
At the same time, the market has shown signs of stabilisation after a heavy deleveraging phase.
Open interest in Bitcoin futures has dropped significantly, falling from about 901,000 BTC to roughly 716,000 BTC.
This decline reflects widespread liquidation of leveraged positions rather than sustained new short positioning.
During the same period, Bitcoin briefly rebounded after triggering more than $500 million in short liquidations in a single move.
However, analysts, including Xanrox, have pointed out that the price structure still shows breakdowns from both ascending and descending channels, a technical setup often associated with continued downside risk rather than immediate recovery.
Despite this, Bitcoin has held near the $60,000 region, which is also close to its long-term 200-week moving average.
Historically, this level has acted as a key zone during major market resets, making it a closely watched area for both bulls and bears.
Analysts remain divided on whether the crash has ended
Market interpretation remains split between two major views.
One side argues that the recent move represents a late-stage capitulation event.
This perspective is supported by the sharp drop in leverage, falling volatility, and liquidation-driven selling rather than sustained spot demand weakness.
On the other hand, analysts like Xanrox have warned that the breakdown in trend structure suggests the correction may not be complete.
According to this view, Bitcoin could still revisit lower levels if the $60,000 support zone fails to hold consistently.
Potential downside targets in case of a further decline include $54,000 and $52,000, with more extended bearish projections reaching toward the $48,000 area if macro pressure intensifies and ETF outflows continue.
