Bitcoin (BTC) Price: Strategy Just Sold $216M in BTC — Here’s Why the Price Went Up Anyway

TLDR

• Bitcoin rebounded above $64,000 after falling to ~$62,000 on Monday
• Strategy sold 3,588 BTC for $216 million to fund dividend payments
• BlackRock’s IBIT ETF recorded $209.4 million in inflows — first in weeks
• Total U.S. spot Bitcoin ETF inflows hit $265.7 million in a single day
• President Trump called himself a “big crypto guy” at a White House event

Bitcoin fell from near $64,000 on Sunday to around $62,000 on Monday morning. The drop was triggered by a SEC filing showing Strategy sold 3,588 BTC for $216 million.

Strategy made two separate sales. It sold 1,363 BTC between June 29–30 for $80.8 million at an average of $59,256, then sold another 2,225 BTC between July 1–5 for $135.2 million at $60,773 per coin. The funds went toward preferred stock dividends and replenishing cash reserves.

The company, founded by Michael Saylor, also reported a $8.32 billion loss on digital assets for the quarter ending June 30. Strategy still has $1.25 billion in unused sale authorization remaining.

Sunday’s run toward $64,000 was mostly futures-driven. Net futures buying hit roughly $415 million, but spot flows were slightly negative. That gap left the rally exposed, and it unwound fast once the Strategy news hit Monday morning.

Strategy Sale Shakes Market

Futures selling swung to about $456 million in a single four-hour window after the filing. Liquidations hit both sides — around $42 million in long positions and $49 million in short positions were wiped out.

The afternoon recovery looked more solid. Futures buying of around $568 million was joined by spot buying of about $143 million — the first meaningful spot participation in days.

Bitcoin’s funding rate stayed positive throughout the selloff, with roughly $20.6 billion in open futures interest still in place. That means leveraged long positions remain crowded.

Analyst Daan Crypto Trades (@DaanCrypto) weighed in on the situation, noting that Bitcoin had reclaimed its weekly 200-day moving average close. He said he “would not be surprised if price just hangs around this $60K–$70K region for a while,” pointing to the number of high timeframe levels clustered in that zone, and flagging that summer months tend to bring choppy price action.

ETF Inflows Return as Trump Speaks

Later Monday, sentiment shifted when President Trump spoke at a White House event marking the launch of “Trump Accounts” — a government investment vehicle for U.S. children. When asked if Bitcoin could be added to those accounts, Trump said, “well…I’ve become a big crypto guy.”

That comment helped push BTC back above $64,000, with the price last seen at $64,183.

BlackRock’s iShares Bitcoin Trust (IBIT) recorded $209.4 million in inflows on July 7, its first positive day after weeks of outflows. Fidelity’s FBTC, ARK 21Shares’ ARKB, and Grayscale’s Mini ETF added further inflows. Total U.S. spot Bitcoin ETF net inflows reached $265.7 million for the day — the strongest single-day figure in weeks.

Grayscale’s GBTC bucked the trend with $44.5 million in outflows.

IBIT now holds more than $60 billion in cumulative inflows. Spot ETFs have now posted inflows for two consecutive days.

Market research firm BIT noted that Bitcoin entered July on historically strong seasonal footing. The firm sets initial resistance for BTC at $65,955.

The Federal Reserve releases minutes from its June meeting on Wednesday. Markets currently price in a 75.6% chance rates hold at 3.50%–3.75% in July.

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