Bitcoin's price has experienced a significant downturn over the past 24 hours, reaching a new six-month low below $96,000. The asset has lost over ten thousand dollars in just three days.
While there are no immediately apparent major catalysts for this market-wide decline, unlike the April crash which was attributed to tariff uncertainty, a new rumor suggests that Strategy may have begun selling off some of its Bitcoin holdings.
Rumor Origin and Spread
The speculation originated from a relatively obscure X profile with a modest follower count, known for making unsubstantiated claims. However, the narrative gained traction when prominent market observers, including Crypto Tony, an account with over 550,000 followers, reshared the information.
Despite the spread of the rumor, the cryptocurrency community quickly moved to refute it. Observers indicated that the significant transfer was most likely an internal reallocation between wallets. This explanation was later corroborated by Lookonchain, which reported that the actual transfer was valued at nearly $5.8 billion, substantially more than the $1 billion initially suggested.
Strategy(@Strategy) moved 58,915 $BTC($5.77B) to new wallets today, likely for custody purposes.https://t.co/FgZG2ZWlVipic.twitter.com/fimqXsgLH0
— Lookonchain (@lookonchain) November 14, 2025
Strategy's Stance and Holdings
Michael Saylor, the co-founder and former CEO of Strategy, has consistently stated that the company has no intention of selling its Bitcoin holdings. Furthermore, Strategy has been actively accumulating Bitcoin on a near-weekly basis for over a year. As of press time, the company holds more than 641,000 BTC.
Market Reaction and Liquidations
Despite the Strategy sale rumors being identified as unsubstantiated, Bitcoin's price has been in a steep decline for over a day. The asset had briefly rallied to $104,000 yesterday following the US President signing legislation to end the government shutdown. However, these gains were quickly reversed, and Bitcoin's price fell back below $100,000.
The price continued to drop in the subsequent hours and on Friday, plunging to $95,500 minutes ago. This marks the lowest price level for Bitcoin since May. Liquidations are escalating, reaching $1.2 billion on CoinGlass, with over 260,000 traders experiencing losses daily.
