en.bitcoinsistemi.com
Strategy, the largest institutional Bitcoin ($BTC) investor, recently did what was feared and sold $BTC for the first time in a long time. This created panic in the market, and the Bitcoin price fell to around $61,000 following the news of the sale.
Bitcoin lost more than $2,000 in value in less than an hour during the last 24 hours. This led to the liquidation of over $1 billion in leveraged positions in the wider market within the same period. Approximately 90% of these liquidations consisted of long positions.
Ethereum ($ETH) also experienced a sharp percentage drop as investors quickly moved to reduce their overall risk exposure. The $ETH price fell to around $1,730. This was one of the most volatile trading days of 2026.
Analysts say the decline in Bitcoin is due to rising US-Iran tensions and the $BTC sell-off by institutional Bitcoin investor Strategy.
At this point, institutional selling is cited as one of the main factors in the decline, and crypto investment company Abraxas Capital also appears to have sold Bitcoin, similar to Strategy.
According to data shared by on-chain analyst EmberCN, the company sold approximately 2,469 Bitcoin, worth about $166 million, at an average price of $67,210 per Bitcoin in the last 24 hours. The data indicates that they transferred the $BTC to the Kraken exchange and then withdrew them as USDT and USDC.
On the other hand, according to Lookonchain’s report, wallets linked to Mt. Gox also transferred 116.3 Bitcoin, worth approximately $8.16 million, to Bitstamp. While this amount is very small compared to daily transaction volumes, any movement from Mt. Gox addresses is noteworthy given the creditors’ ongoing concerns about the sale.
Finally, capital outflows are also seen continuing in US Bitcoin spot ETFs.
According to SoSoValue data, there was a net outflow of $396.6 million from spot Bitcoin ETFs.
This marks the 13th consecutive day of net outflows for US spot Bitcoin ETFs. Total net outflows during this period reached $4.37 billion. Capital outflows were also concentrated in BlackRock’s IBIT and Fidelity’s FBTC products.
Finally, market analysts note that the downward trend continues on the Bitcoin chart, and the risk of a deeper drop towards the $50,000-$52,000 region remains. They point out that the 200-week simple moving average (SMA) is currently being monitored in $BTC. Analysts argue that as long as $BTC trades around the 200-week SMA, approximately $61,800, the further decline scenario cannot be considered confirmed, as this level was the bottom in previous bear markets.
*This is not investment advice.