Strategy Unloads 1638 BTC as DEX Volumes Rebound Strongly

Strategy has made a significant move in the crypto market by selling 1,638 BTC for $102.4 million between July 27 and August 2, according to Lookonchain data.

This sale comes as ten public companies trimmed their holdings of 319 BTC worth $20.2 million during the same period.

Despite a $2.55 billion stablecoin outflow, decentralized exchange (DEX) trading volumes have rebounded strongly, with spot volume increasing by 12.77% and perp volume surging by 20.15% week-over-week.

The BTC price is currently testing the upper resistance at $63,845.95 within the Bollinger Bands, while the Relative Strength Index (RSI) holds a neutral value of 54.1.

A golden cross on the Moving Average Convergence Divergence (MACD) indicator supports a bullish structure, but a healthy retracement toward the 50-Exponential Moving Average (EMA) at $63,702.4 appears probable before continuation.