Bitcoin Price Hits $64.5K Low This Week Amid Strategy Selling Concerns

This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile. Always do your own research before making any investment decisions.

The Bitcoin price recently fell to a week-to-date low of $64,500, reflecting increased pressure from renewed selling pressure from Strategy, according to Cointelegraph’s coverage and Openpr’s report. This decline happened as the price hovered within the $60,000 to $70,000 range, where much of the supply currently sits. That $60,000–$70,000 range is crucial because it has historically signaled important market shifts. The market’s drop marks a significant slide from last year’s peak, troubling investors wary of further losses.

Strategy confirmed selling 32 BTC worth about $2.5 million between May 26 and May 31, reports Openpr. This followed their earlier liquidation of $1.5 billion in 2029 Convertible Senior Notes, which intensified selling pressure. These moves helped push Bitcoin down from $72,840 to near $64,500. Recovery attempts above the 50-day exponential moving average (EMA), around $70,250, became harder, coinciding with the volume spike that traders noted, as Cointelegraph tracks.

Market Context and Supply Distribution

Cointelegraph highlights that a large amount of Bitcoin’s supply currently sits between $60,000 and $70,000, a critical zone marking key market transition points. Bitcoin has hit comparable levels only a handful of times in recent years.

Institutional Perspectives and Fed Policy Impact

Federal Reserve’s policy plays a major role in shaping market sentiment. The Federal Open Market Committee (FOMC) shows no signs of cutting rates soon, reducing hopes for easier monetary policy—historically a key driver for Bitcoin price rallies during accommodative periods. QCP Capital has noted that the current Fed policy stance has been a tough start for risk assets, weighing heavily on risk assets including cryptocurrencies.

Expectations of prolonged monetary tightening continue to hinder capital flows into Bitcoin amid rising macroeconomic uncertainty. Openpr reports spot ETFs have seen 13 straight days of net outflows totaling $4.4 billion—a record streak of withdrawals—underscoring the bearish sentiment.

Price Risk and Potential Recovery Scenarios

Bitcoin’s price hovers near previous market bottoms, raising ongoing risks. Analysts caution about further downside if selling momentum continues and macroeconomic risks worsen. However, Standard Chartered projects a bullish path with Bitcoin potentially reaching $100,000 by late 2026 if macroeconomic conditions improve—nearly 1.6 times the current price, as outlined by Openpr.

The 50-day EMA near $70,250 acts as a key resistance level. Breaking above it could renew buying interest, but staying below may bring more volatility and losses. The interplay of institutional selling, macro shifts, and the clustered supply in the $60,000–$70,000 bracket will shape Bitcoin’s near future, Cointelegraph adds.

Implications for Stakeholders and Next Milestones

A clear break below $64,500 might prompt deeper price falls, while regaining the 50-day EMA could start a rebound. Stakeholders must closely watch daily Bitcoin supply flows and institutional activity. The persistent selling by Strategy and ETF outflows signal weak demand amid bearish macro factors. Yet, the clustered supply between $60,000 and $70,000 might provide a floor if market conditions stabilize. For readers wanting more updates on digital assets, XRP maintains ETF leads into its fifth week.