Sentiment Shifts on Strategy's Bitcoin Bid as Crypto Market Selloff Deepens

Strategy's Bitcoin conviction is facing its toughest test yet as the crypto market enters a prolonged downturn. On prediction market Myriad, owned by Decrypt’s parent company, DASTAN, users now see a 36% likelihood that the Bitcoin treasury firm will sell some of its BTC holdings before year-end, up from 22% at the start of the week. The bearish shift comes as Bitcoin plunged below key support levels to trade at $76,039—just below the average purchase price of Strategy’s Bitcoin holdings. The cryptocurr ...