Bitcoin Treasury Selling Hits Rare Level Ahead of MicroStrategy’s MSCI Test

Public companies are selling Bitcoin at a rate seen only three times before. Each previous episode was followed by a major BTC rally. However, investors who bought immediately faced further losses before prices recovered. The Bitcoin Treasuries Buy-Sell Ratio, which measures corporate buying against selling, has dropped to 89.58%. Charles Edwards, founder of Capriole Investments and BeInCrypto Expert Council member, flagged the reading on X. “Bitcoin treasury companies in capitulation. Yes this is a good thing historically. The ratio of cumulative buys to sells just dropped below 90%. This has only happened 3 other times, all were dillectible opportunities. Why Could This Be Bullish for Bitcoin? The ratio previously fell below 90% in December 2019, June 2022, and September 2024.

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