Institution: Bitcoin declines as its largest corporate buyer, Strategy, turns into a net seller

Matteo Bottacini of Crypto Finance said that Strategy, the world's largest corporate holder of Bitcoin, has become a net seller of the cryptocurrency as the company increasingly needs to generate cash to pay dividends and other debts. From a technical perspective, Bitcoin remains in a consolidation range, with support around $58,000 and resistance between $62,000 and $64,000. Crypto Finance stated that the broader price structure of lower highs and lower lows indicates that a period of consolidation is imminent.