Analysis: Short-term pressure on BTC triggered the first three-week consecutive sell-off by Bitcoin Treasury companies, and ETFs have recorded net outflows for five consecutive weeks.

Data from Capriole Investments shows that corporate treasuries holding Bitcoin have been reducing their holdings for three consecutive weeks. Coin Bureau co-founder Nic Puckrin stated that if corporate selling continues, Bitcoin prices could fall towards bear market lows. Specifically, among holders: 1. Bitdeer has sold 943 Bitcoins, reducing its treasury balance to zero. 2. Cango Inc., ranked 27th among publicly traded companies, reduced its Bitcoin holdings by more than 54% in the past two weeks, from 8,095 to 3,644, worth $246 million. 3. Exodus Movement's Bitcoin holdings decreased from 1,704 to 1,694, worth $114 million. 4. AI education company Genius Group's holdings decreased from 180 to 84, worth $5.6 million. Furthermore, US-based Bitcoin ETFs have recorded net outflows for five consecutive weeks, with total outflows reaching approximately $2.6 billion since the beginning of 2026. (Cointelegraph)