Bitcoin treasury firms log rare selling streak as BTC trades near $66K

Corporate Bitcoin treasury companies person posted a uncommon three-week selling streak, a displacement analysts accidental could deepen Bitcoin’s pullback if caller request does not emerge.

Bitcoin (BTC) treasury companies logged 3 consecutive weeks of selling, according to Capriole Investments’ Bitcoin Treasuries bargain and merchantability indicator shared by acquisition level Coin Bureau. The metric tracks nett buying and selling by nationalist companies that clasp Bitcoin connected their equilibrium sheets.

This marks the archetypal three-week selling streak successful the abbreviated past of BTC treasury companies. Continued firm selling threatens to propulsion Bitcoin’s terms towards a caller ”bear marketplace low,” said Nic Puckrin, co-founder and pb marketplace expert astatine Coin Bureau.

”As contagion increases, we could spot further firm selling successful the weeks to come, pushing the terms of Bitcoin toward its carnivore marketplace low,” Puckrin told Cointelegraph. He added that the conception could besides spot consolidation if weaker firms conflict to support their treasury strategies.

BTC/USD, Bitcoin treasuries buy/sell indicator. Source: Capriole Investments/Coin Bureau

However, Puckrin said a deeper drawdown could inactive beryllium constructive successful the agelong tally by clearing retired leveraged positioning and speculative holders, helping reset marketplace structure.

Related: Tether USDT proviso acceptable for biggest monthly diminution since 2022 FTX collapse

Smaller treasuries trim holdings arsenic apical holders clasp steady

The apical 20 largest firm Bitcoin holders person not reported caller sales, but immoderate smaller companies person been reducing their BTC holdings, including Cango Inc., Exodus Movement and Genius Group, according to information from Bitcoin Treasuries.

China-based publicly-traded institution Cango, the 27th largest holder, reduced its Bitcoin holdings by implicit 54% implicit the past 2 weeks, from 8,095 BTC connected Feb. 8 to 3,644 BTC worthy $246 cardinal arsenic of Monday.

Cango Inc. Bitcoin holdings, 1-month chart. Source: Bitcointreasuries

US-based integer plus absorption and custody institution Exodus Movement, the 41st-largest nationalist holder, reduced its firm holdings from 1,704 connected Feb. 11 to 1,694 BTC, worthy $114 cardinal connected Monday.

Singapore-based artificial quality and Bitcoin acquisition institution Genius Group besides reduced its holdings from 180 BTC connected Feb. 5 to 84 BTC worthy $5.6 cardinal arsenic of Monday.

Bitcoin mining institution Bitdeer besides sold each its firm Bitcoin holdings of 943 BTC, reducing its treasury equilibrium to zero, Cointelegraph reported connected Sunday.

Related: Wells Fargo sees ‘YOLO’ commercialized driving $150B into Bitcoin and hazard assets

Trade uncertainty and ETF outflows measurement connected demand

Analysts besides pointed to macro uncertainty and anemic money flows arsenic headwinds for a near-term recovery. US President Donald Trump announced Saturday that helium was raising the planetary tariff complaint from 10% to 15% effectual immediately, pursuing the Supreme Court’s Friday determination to strike down his authorization to levy tariffs nether the International Emergency Economic Powers Act (IEEPA).

Trade argumentation concerns and tariff headlines person accrued uncertainty for planetary markets, which tin propulsion investors into a short-term “risk-off” posture, said Linh Tran, a elder marketplace expert astatine brokerage XS.com.

“For Bitcoin, a argumentation uncertainty situation often triggers a short-term risk-off state, arsenic investors prioritize currency and bonds implicit high-volatility assets.”

Tran said the unit is being reinforced by brushed request indicators, including continued outflows from US spot Bitcoin exchange-traded funds (ETFs).

Spot Bitcoin ETFs person posted 5 consecutive weeks of nett outflows and are down astir $2.6 cardinal truthful acold successful 2026, according to Farside Investors.

Magazine: Bitcoin’s ‘biggest bull catalyst’ would beryllium Saylor’s liquidation — Santiment founder