MicroStrategy's sale of 32 BTC did not hit order books but coincided with Bitcoin's 14% weekly drop to $62,000 and a 92% collapse in positive sentiment. Despite rising 10-year Treasury yields to 4.55%, hot services inflation, and continued ETF outflows, crypto punters assess negligible bankruptcy risk for the company.
Bitcoin slid 14% to around $62,000 after US institutions sold and ETF outflows accelerated, reversing gains from September 2024. Positive sentiment collapsed over 92% from a score of 814 to 61, reflecting heightened trader caution.
MicroStrategy sold 32 BTC for the first time since 2022, though those coins never reached order books. Disclosures show the firm later repurchased 1,550 BTC, and market participants now view bankruptcy as a remote possibility.
May payrolls topped forecasts at 172,000 jobs, services prices hit their hottest level since August 2022, and the 10-year Treasury yield rose to 4.55%, eroding rate-cut expectations. Some analysts warn that oil-driven inflation could prompt further tightening.
Exchange stablecoin reserves peaked at $75.12 billion on November 12, 2025, and have since remained subdued, indicating dollar liquidity has not returned. Lower reserves suggest limited buying power to support crypto prices.
