This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile. Always do your own research before making any investment decisions.
Bitcoin’s price fell to a week-to-date low of $64,500, sparking fresh concerns about renewed selling pressure from Strategy, as Cointelegraph‘s market update shows. This renewed pressure follows a steep 51% price decline drop from Bitcoin’s October 2025 peak near $126,200, a figure that reflects broader market losses over recent months. Investors are facing a central juncture, with the market digesting ongoing liquidation and strategic offloading amid cautious macroeconomic conditions and no rate cuts from the Federal Open Market Committee (FOMC). The price dip reflects a tense mood among traders, according to Cointelegraph.
Strategy’s Continued Selling Pressure on Bitcoin
Strategy’s confirmed sale of 32 Bitcoins worth about $2.5 million between May 26 and May 31 underscores ongoing supply-side pressure pressure, according to Openpr’s report’s disclosures. This selling activity fits a broader trend where Bitcoin’s value dropped from its 2025 highs of $72,840 to as low as $61,870 on June 10, showing a persistent 51% slide since October’s peak. Cointelegraph also points out that these transactions align with Bitcoin hitting new lows near $64,500 this week, signaling continued downward momentum.
Large holders like Strategy influence not only Bitcoin’s spot price but add volatility that could discourage smaller investors. Strategy’s $1.5 billion outstanding 2029 Convertible Senior Notes — highlighted by Cointelegraph — put extra pressure on the market, posing risks of further sell-offs that might drag Bitcoin’s valuation down, according to Cointelegraph.
Price Levels and Technical Resistance Zones
Trading near $64,500 places Bitcoin below the 50-day exponential moving average (EMA), a key technical resistance level, Cointelegraph’s analysis reveals. Historically, Bitcoin has struggled with major resistance zones — multiple recent cycles show this clearly. A significant portion of supply now sits in these price ranges — turning them into battlegrounds between bulls and bears. The 50-day EMA reflects investor sentiment and signals potential price ceilings Bitcoin must overcome to kick off a sustained rally, according to Openpr.
Openpr adds that Bitcoin faces profit-taking in these zones, reflecting previous market bottoms. Being close to this moving average means a rebound above key resistance is crucial to restore bullish momentum. If Bitcoin fails to reclaim these levels, deeper corrections toward psychological supports are likely. Supply concentration in these ranges amplifies the importance of technical barriers, painting an uncertain picture for Bitcoin’s near-term path.
Macroeconomic Factors and Federal Reserve Policies
The Federal Reserve’s stance remains a significant headwind for Bitcoin, with markets showing no chances of an imminent rate cut. Fed officials are navigating a challenging environment driven by contradictory economic signals. This uncertainty holds back both institutional and retail appetite for accumulating Bitcoin, dampening demand and price support.
Spot ETF Outflows and Market Sentiment
Spot Bitcoin exchange-traded funds (ETFs) have been hit by significant outflows, with 13 consecutive sessions pulling out $4.4 billion — the longest streak on record, according to Openpr. These ETF withdrawals reflect fading investor confidence and increased portfolio shifts away from crypto exposure.
Long-Term Outlook and Potential Recovery Catalysts
Despite these short-term pressures, Standard Chartered forecasts Bitcoin might reach $100,000 by late 2026 if macroeconomic factors improve. That’s about a 1.6x gain from current prices. This bullish outlook depends depends on easing policies, moderating inflation, and renewed institutional demand — all factors that could send Bitcoin’s price higher.
Meanwhile, market turbulence from technology sector losses and oil price swings continues shaping risk assets like Bitcoin, suggesting that volatility may persist over the coming weeks. Data points, such as the 50-day EMA and supply concentration near current prices, underline crucial resistance Bitcoin must break to maintain any bull trend.
Bitcoin faces a key test near $64,500, weighed down by significant selling from Strategy and spot ETF outflows that complicate its upside potential.
Disclaimer: The content on this page is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.
Elena Petrova is a regulatory correspondent specializing in crypto law and policy with over 10 years of financial journalism experience. Formerly a finance reporter at Reuters, Elena covers SEC enforcement, MiCA implementation, and global stablecoin regulations. She holds a J.D. from Georgetown Law and is a member of the New York State Bar. Her regulatory analysis is frequently referenced by compliance officers and legal teams at major exchanges.
Conflicts of interest
I have no current legal practice or retainer relationships with any cryptocurrency company. Past employment relationships are listed publicly.
