’s latest slide comes with an uncomfortable twist: one of its biggest believers is now willing to sell into weakness.

• Strategy sells bitcoin for only the second time in its history
• Saylor’s “never sell” message faces an awkward reality check
• BTC/USD breaks trend support, 50DMA, 100DMA and 200DMA
• $65,000 eyed as squeeze risk starts to build

The Signal, Not the Sale

Bitcoin is struggling despite buoyant risk appetite elsewhere. Adding to the discomfort, one of its biggest believers is now selling into the weakness.

Michael Saylor’s Strategy (NASDAQ:) offloaded 32 bitcoin between May 26 and May 31, raising around $2.5 million. Against holdings of more than 700,000 coins, the sale was immaterial. However, the message wasn’t. For…