Bitcoin prices slipped 4.5% in the past 24 hours to $69,775 per token on Tuesday. While many attribute the decline to investors parsing conflicting signals from the US and Iran about a diplomatic resolution to the Middle East war, some believe the BTC price crash over the past day is due to popular Bitcoin bull Michael Saylor's Strategy selling 32 BTCs worth $2.5 million between 26 May and 31 May at an average price of $77,135 per token. This is Strategy's first Bitcoin sale since December 2022.
Saylor's move is a big deal because as the owner of the largest corporate holder of BTC, he had pledged to never sell Bitcoin holdings. Instead, he had promised to buy BTC every quarter.
