Bitcoin Bulls Defy $216M Strategy Sell-Off as BTC Price Surges Past $64K

Bitcoin bulls have staged a remarkable comeback, pushing BTC prices back above the $64,000 threshold despite massive selling pressure. The market successfully absorbed the shock of a SEC disclosure revealing that Strategy liquidated 3,588 BTC, a move that initially sent the price tumbling toward the $62,000 support level.

Market intelligence suggests the recent rally was heavily fueled by futures trading, with net buying reaching $415 million, creating a divergence from spot flows. This gap between futures and spot market activity remains a critical risk factor, especially as Strategy retains an additional $1.25 billion in untapped selling capacity following their $216 million dividend-funding sale.

Bitcoin reversed course from its Monday open selloff and closed the day above $64,000 as bulls began to price in Strategy’s selling. Bitcoin (BTC) fell from nearly $64,000 on Sunday to about $62,000 on Monday, and the primary trigger behind the move appeared to be a SEC disclosure showing Strategy’s largest ever sale of 3,588 BTC.

The fuller explanation for the price action can be found deeper in the plumbing. Sunday’s climb toward $64,000 was almost entirely futures driven. Net futures buying reached roughly $415 million for the day, capped by a single four-hour burst of about $687 million that force-closed some $33 million in bets against Bitcoin. Spot flows over the same session were slightly negative, and this gap matters since a rally with no cash buyers behind it rests on positions that can be forced to unwind at any moment. Monday morning delivered the unwind, which accelerated as Strategy’s filing landed. The largest corporate Bitcoin treasury holder sold BTC for $216 million to fund dividend payments, with a further $1.25 billion of sale capacity still untouched.