Michael Saylor, executive chair of Strategy, denied reports that the company sold approximately 47,000 BTC during the recent market downturn. The denial came as Bitcoin dropped below $95,000, falling more than 4% in 24 hours. Strategy continues to hold roughly 640,000 BTC, maintaining its position as the largest corporate Bitcoin holder.

Bitcoin fell to approximately $100,700 on Wednesday, marking a 3.5% weekly decline. Long-term holders have sold more than 815,000 BTC over the past month, raising concerns that reduced liquidity could push prices toward the $98,000 level. Market participants are watching whether continued selling pressure and elevated leverage will drive the asset into lower liquidity zones.