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Bitcoin ($BTC) closed above $64,000 on Monday after reversing an early-session selloff, as buyers absorbed a $216 million Bitcoin liquidation by Strategy and pushed the price back into positive territory.
The recovery suggests the market had, by day's end, largely priced in the sale rather than treating it as a signal to exit.
Strategy Sells, Market Answers The session opened under pressure, with Bitcoin dropping at the start of New York trading.
The proximate cause was Strategy's disclosure that it had sold $216 million worth of Bitcoin — a notable move from a company that built its public identity around accumulating the asset rather than trimming it.
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