Just a week after this strategy, the world’s largest bitcoin holder revealed its first bitcoin sale since 2022, and investors are once again wondering if Michael Saylor’s company sold more. BTC last week.
Ambiguous “32?” Controversy has arisen over whether the strategy is still buying the dip, or quietly reducing exposure.
Saylor “32?” Tweet: What does it mean?
The speculation began when Saylor later posted a simple message on X: “32?” The post sparked a wave of theories across cryptocurrency social media. Some users interpreted it as a reference to the sale of 32 BTC, while others speculated that it could hint at a future purchase of 32,000 BTC.
Cryptocurrency user Helen Olker even suggested that the number could indicate a potential move towards $32,000 BTC, although there is no evidence to support this claim.
At the same time, Activity on the chain It showed no evidence of significant moves associated with the strategy to exchanges, moves that typically indicate a big sell-off is coming.
A big Bitcoin sell-off would be a huge mistake, an economist says
Argentine economist and trader Alex Krueger He was pushed back Against concerns that the strategy may have sold a large amount of Bitcoin.
According to Krueger, many traders seem to believe that if the strategy did not sell billions of dollars worth of Bitcoin last week, Bitcoin’s recent weakness should continue.
He does not agree.
Krueger argued that selling billions of dollars of Bitcoin so soon after purchasing large amounts approaching $81,000 would represent a costly mistake and undermine the company’s entire accumulation strategy.
“The worst-case scenario is that the strategy destroys its credibility by abandoning the same approach that made it the largest holder of bitcoin in the world,” he said.
Time for Saylor to add more points
To add another touch, Saylor recently shared Strategy’s Bitcoin acquisition tracker with the caption, “Good time to add more pips.”
Historically, similar posts have preceded announcements of new Bitcoin purchases.
Meanwhile, blockchain data showed no major transfers linked to the strategy to exchanges over the past week. For many traders, this is an important detail because exchange deposits often indicate readiness to sell.
Buy the dip or sell more?
The absence of exchange activity has led some analysts to believe that the strategy may have been preparing to buy rather than sell.
Cryptoanalyst Michael Van de Poppe argued If Saylor announces another Bitcoin purchase, the concerns surrounding his recent 32 Bitcoin sale could quickly fade away. While the deal represents only 0.0037% of the company’s massive holdings of 843,706 BTC, it was enough to spook investors.
The strategy controls roughly 4% of the total supply of Bitcoin, making even small sales closely watched events.
Therefore, Van de Poppe believes that any accumulation would boost confidence in the market and possibly help Bitcoin recover towards the $70,000 level.
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