Strategy's Linked Wallet Transfers 299.84 BTC Worth $18.91 Million
Strategy, a firm that has been under scrutiny in recent months, is facing fresh criticism after a linked wallet transferred 299.84 BTC ($18.91 million) just nine hours ago.
This move echoes a previous episode on July 1-5, when the firm offloaded 3,588 BTC ($216 million).
The price action of Bitcoin (BTC) on the 4h chart shows that it is currently trading at $32,299.22 within the Bollinger Bands with upper resistance at $44,446.93 and lower support at $21,189.47.
The bearish structure of the market holds as the price sits below both the EMA50 ($38,807.87) and EMA200 ($37,356.62), while the RSI(14) is at 47.07, which indicates a neutral reading.