Analysts: MSTR buys in to ease pressure after Bitcoin whales sell off their holdings; market sentiment remains fragile.

Crypto analyst Murphy published an article on the X platform reviewing the market dynamics of the past week, revealing unusual Bitcoin fund flows: On March 11th and 13th, when BTC rebounded to $70,000–$71,000, a group of whale addresses (each holding over 1,000 BTC) sold 24,867 and 17,818 BTC respectively. The shares sold on March 11th had an average loss of 50% compared to cost, while the shares sold on March 13th had a loss of less than 10%. Analysis shows that these shares originated from purchases made at low prices in May–July 2025 and early April, with some exiting after significant losses and others being rotated out after precise bottom-fishing. Strategy bought another 22,337 BTC on March 17th, absorbing most of the excess supply. Nevertheless, this event reflects that market sentiment remains extremely fragile, and the patience of investors who have held BTC for nearly a year is gradually wearing thin. Future price rebounds may still trigger pressure from those holding losing positions.