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MicroStrategy Transferred Its Bitcoin Holding For the First Time

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Today’s Cryptocurrency Headline

According to CryptoWhale, MicroStrategy has transferred 2,089 bitcoins ($48 million) into a new wallet, the first time the company has moved their Bitcoin holdings, which could mean MicroStrategy plans to dump its bitcoin holdings. MicroStrategy and related entities currently hold 129,218 bitcoins, with an average purchase price of $30,700. Bitcoin is currently at $23,620, down 14% in 24 hours, while MicroStrategy’s book floating loss is $1 billion.

BingX’s Bitcoin Chart

Source: TradingView & BingX

According to CoinShare, digital asset investment products saw outflows totalling US$102m last week, and Bitcoin saw outflows totalling US$57m last week bring month-to-date outflows to US$91m. Bitcoin is down 17.30% over the last 24 hours and fell to an intraday low of $21,900.27. The cryptocurrency market plummeted alongside the equities markets and the selling pressure increased further due to the liquidity crisis of major lending platform Celsius. If the BTC/USDT pair drops below the psychological level at $20,000, the pair could find support at around $18,000.

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