Did you know that $15 billion worth of $BTC was sold in just 2 days? 🤔
Starting from 5:30 AM on June 30, $BTC across USDT, USDC & FDUSD pairs was sold off simultaneously.
The strongest selling pressure was in the USDT pair with $10.7B of $BTC, followed by USDC.
Note that most of the selling pressure came from sell orders of $10k-$100k in the USDT pair & orders of $1k-$10k in the USDC and FDUSD pairs due to lower liquidity.
The main goal was to sell at a high price and limit the direct impact on the price of $BTC.
What is really happening...

🆘 ALERT
Starting from 7 PM today, the team has recorded all sell orders totaling $1.8 billion for today. Right after Strategy (MicroStrategy) announced the purchase of $BTC.
In just 2 hours, over $4 billion has been sold, peaking at $5.8 billion. This could be the largest $BTC sell-off of the year since the second half of 2024.
The sell orders did not come from large orders but rather from orders between $10K - $100K, and this order recorded $3.45 billion with Iceberg Orders (hidden sell orders). This will help sellers avoid being traced through volume.
Stay tuned.


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