Matt Cole once shrugged off Strategy's 32-BTC sale. Now it's 3,588 more—and he says the market is overreacting as $120K BTC stays in play

AI Market Summary

News that Strategy has sold an additional 3,588 BTC adds a notable near-term supply overhang and can pressure sentiment given the firm's visibility as a corporate Bitcoin holder. However, the cited view that markets are overreacting frames the sale as potentially non-structural, limiting broader contagion risk. Net effect is mixed: heightened volatility risk for BTC, but no clear macro or protocol-level catalyst.

Impact level

● Medium

Affected assets

BTC/USDT-0.14%

AI Insight · BTC/USDTAI Insight

● Neutral

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Matt Cole previously dismissed Strategy's sale of 32 BTC. With the company now having sold another 3,588 BTC, he explains why he believes the market reaction is overblown—and why Bitcoin could still reach $120,000 by year-end. Watch here:

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