Bitcoin Surpasses $64k Amid Strategy's Liquidity Sales

Bitcoin's price has surpassed $64,200 in early trading on July 10th, strengthening its recovery despite Strategy's recent sales of Bitcoin at a loss. The company sold 3,588 BTC for approximately $216 million near $60,000, around 20% below its average acquisition price of $75,476. This sale marked the largest disposal to date by Strategy, leaving it with an overall realized loss of 13.06%. However, despite this setback, Strategy still holds roughly 4.2% of the circulating Bitcoin supply.

According to CryptoQuant analyst Darkfost, the sales reflect liquidity needs rather than a change in Strategy's long-term outlook. The company continues to hold its commitment to Bitcoin and still holds 843,775 BTC valued at about $53.8 billion at press time.

Retail activity may now carry greater influence over Bitcoin's direction as most retail holders are in profit at current prices. A comparison between Strategy's realized price and Binance's retail cost basis highlighted the difference, with retail investors realizing Bitcoin near $60,900 compared to Strategy's average disposal price of $65,721.