Tom Lee: Strategy Selling Bitcoin and ETF Outflows Are Typical Bottoming Behavior, Not Risk Signals

According to Odaily, Tom Lee stated that recent market anxiety, including Strategy's small-scale Bitcoin sale, is typical bottoming behavior rather than a sign of deep-seated problems or crisis. Michael Saylor sold 32 Bitcoins at an average price of $77,135, raising approximately $2.5 million to pay preferred stock dividends. This sale accounts for only 0.004% of the company's total holdings of over 843,700 Bitcoins.

Additionally, regarding the 11 consecutive days of outflows totaling $3.4 billion from U.S. spot Bitcoin ETFs, Tom Lee believes that capital outflows are a classic lagging indicator of market cycle resets. Bitmine's macro strategy has not changed, and its plan to purchase 111,942 Ethereum for approximately $237 million is still underway, with its current Ethereum holdings reaching nearly 5.4 million coins. (coindesk)