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Strategy's $5 Billion Bitcoin Sell-Off Plan Sinks BTC Price by 2.9%

Guavy AI Editorial Team
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BTC
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Bitcoin's price plummeted by 2.9% to $62,884.96 on August 1, 2026, marking a notable setback after a recent series of declines.

This drop came alongside a surge in trading volume, which was 2.23 times the 30-day average, signaling significant selling pressure in the market.

The catalyst behind this move was Strategy's announcement on July 31 that it plans to sell up to $5 billion worth of Bitcoin, a decision revealed during the company's earnings call following weaker-than-expected financial results.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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