Strategy's Selling Triggers Chain Reaction, BTC Drops Over 15% in Three Days

Jinse Finance reported that on June 4, Ember posted that the Strategy test sold 32 BTC ($2.47 million), resulting in a $11,400 (-15.6%) drop in BTC over three days, with $22.8 billion wiped from its market capitalization.ETF outflows accelerated: Following the Strategy's announcement of the sale, BTC ETFs saw outflows of $1.45 billion over three trading days. There have been continuous outflows over 13 consecutive trading days, totaling $4.37 billion.Chain reaction triggered: Mt.Gox BTC was transferred to a certain exchange; Tether’s reserve BTC was transferred to an exchange for the first time; crypto asset management firm Abraxas Capital reduced its BTC holdings.