Bitcoin Plummets Near $95K Amid Rumors of Strategic Selling

Bitcoin’s price has experienced a significant downturn, falling below $96,000 after dropping nearly ten thousand dollars in just three days. While no concrete cause for this market-wide decline is currently apparent, speculation about Strategy Group potentially selling its Bitcoin holdings has fueled the drop. Rumors originated from an anonymous X account with a limited following that reshared claims of large-scale sales. This prompted further promotion by prominent market commentators such as Crypto Tony, although these were quickly countered by crypto community members, who suggest this is likely a normal wallet transfer. However, blockchain analytics platform Lookonchain has confirmed the actual transaction amount to be around $5.8 billion, not just $1 billion as initially suggested. 58,915 BTC ($5.77B) was transferred by Strategy Group to new wallets for potential custody purposes. Co-founder Michael Saylor has stated repeatedly that the company’s intention is not to sell its Bitcoin holdings, which remain at over 641,000 BTC and have been steadily accumulating since last year. The price dip follows Bitcoin’s rise in response to US President Trump signing legislation to end the government shutdown yesterday, but quickly reversed course, dropping below $100,000 after experiencing significant losses on Friday.