Bitcoin price slipped near the $59,000 level, marking its second major drop this month. This drop has led the $BTC to fall more than 50% below its October peak.

So, what’s the key reason why Bitcoin is dropping?

MSTR Stock Crash, But Bitcoin Under Pressure

One of the key factors behind Bitcoin’s decline is the sharp fall in MSTR Stock, which has dropped about 82% from its peak and recently hit a two-year low near $97, erasing more than $150 billion in market value.

Adding to the pressure, Strategy recently sold 32 $BTC to help cover dividend payments, the company’s first known Bitcoin sale in years.

While it still holds 847,363 $BTC, the move has raised concerns about its long-standing “never sell Bitcoin” strategy.

If MSTR…