Bitcoin’s 24-hour selloff continues in earnest, with Bitcoin just hitting a six-month low below $96,000 after losing more than 10 grand in just three days.
Unlike the April crash that was fueled by tariff uncertainty, there is no apparent significant reason behind this market-wide disaster, but there are new rumors that strategies may have started selling off some of their BTC holdings.
The speculation began with a rather shady profile of X, who is known for making such bold (and often inaccurate) statements in the past, with only 10,000 followers. But its pace accelerated when prominent market observers and commentators such as Crypto Tony (an account with over 550,000 followers) reshared it.
Nevertheless, the crypto community was quick to refute this rumor, indicating that it was likely an internal shuffle between wallets. This was later confirmed by Lookonchain, who even went so far as to say that the actual transfer was worth almost $5.8 billion, rather than the $1 billion it claimed in its initial post.
Strategy (@Strategy) today moved 58,915$BTC ($5.77B) to a new wallet, presumably for safekeeping purposes. https://t.co/FgZG2ZWlVi pic.twitter.com/fimqXsgLH0
— Lookonchain (@lookonchain) November 14, 2025
Strategy co-founder and former CEO Michael Saylor has repeatedly said in the past that the company has no intention of selling its BTC holdings. Furthermore, it has been accumulating almost every week for over a year and holds over 641,000 BTC at the time of writing.
Rumors of a strategy sell-off appear to be true, but the price of Bitcoin has been in free fall for more than a day. Yesterday, the stock soared to $104,000 after President Trump signed a bill ending the government shutdown, but quickly erased that gain and fell below $100,000.
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It continued to fall in the following hours and on Friday, dropping to $95,500 a few minutes ago, its lowest level since May. Liquidation amounts continue to rise, reaching up to $1.2 billion at Coinglass, with more than 260,000 traders going bankrupt every day.
