According to André Dragosch, Michael Saylor’s update significantly mitigates the risk that the market will revisit the $MSTR cost basis around 75k because it makes any $BTC sales even less likely, as stated in his post on X. According to Michael Saylor on X and a Strategy press release, Strategy increased its USD reserve by $748 million to $2.19 billion and holds 671,268 BTC. According to André Dragosch, traders can treat the $75k zone as firmer support and see reduced near-term downside tail risk for BTC due to lower expected selling pressure.

According to @ki_young_ju, Bitcoin whales have been cashing out billions since BTC hit 100K, underscoring persistent realized selling pressure (source: @ki_young_ju on X, Nov 11, 2025). He stated that strong inflows into MicroStrategy (MSTR) and spot Bitcoin ETFs canceled a potential bear market earlier this year, supporting prices despite distribution (source: @ki_young_ju on X, Nov 11, 2025). He warned that if MSTR and ETF inflows fade, sellers will likely dominate again, highlighting downside risk for BTC if demand weakens (source: @ki_young_ju on X, Nov 11, 2025). He added that despite heavy selling pressure, investors who judge the macro outlook as strong may view current levels as a buying opportunity (source: @ki_young_ju on X, Nov 11, 2025).

According to Glassnode, historical trends indicate that long-term holders (LTHs) of Bitcoin typically increase their distribution when unrealized profit margins reach approximately 350 percent, which currently corresponds to a BTC price of around $99.9k (source: Glassnode Twitter, May 2, 2025). As Bitcoin approaches this price level, traders should anticipate heightened sell-side pressure. For the market to sustain bullish momentum beyond $99.9k, substantial buyer demand will be necessary to absorb potential profit-taking by LTHs. This insight is critical for trading strategies focused on resistance levels and market liquidity during high-profit periods.

According to glassnode, their proprietary Supply Mapping data reveals a significant increase in Bitcoin Profit Taker activity over the past two days, with the Profit Taker RSI (7D) surging to 82. This sharp rise indicates that more traders are realizing profits, resulting in heightened sell-side pressure as BTC continues to climb. For traders, this trend suggests a potential increase in short-term volatility and a possible local top, making it critical to monitor profit-taking indicators and on-chain data for timely entry and exit points. (Source: glassnode via Twitter, April 30, 2025)