- Solve real problems with our hands-on interface
- Progress from basic puts and calls to advanced strategies
Interactive Options Course
Finance Courses and Lessons
Topics
Language
Finance Courses and Lessons
Topics
Language
Posted June 5, 2026 at 6:45 am
Investopedia is partnering with All Star Charts on this newsletter. The contents of this newsletter are for informational and educational purposes only.
The largest corporate holder of Bitcoin in the world just sold some.
Strategy, the company run by Michael Saylor, owns more than 843,000 Bitcoin, a bigger pile than any other public company and larger than BlackRock’s spot Bitcoin ETF.
The entire thesis behind it was a public promise to keep buying and never sell.
On June 1, the company disclosed it had sold 32 Bitcoin the week before, its first sale since December 2022.
In dollar terms the sale was tiny, about $2.5 million to help cover a dividend, a sliver of a stash worth tens of billions.
The reaction was not. Bitcoin slipped, and within an hour roughly $93 million in leveraged positions were wiped out, almost all of them bets that the price would rise.
When the most committed buyer in the asset trims even a token amount, traders pay attention to the signal rather than the size.
It also landed at a revealing moment on the chart. Bitcoin is trading near $64,000, right on the level that has defined this entire cycle.
That level is the old 2021 peak, the high near $62,000 to $65,000 where the last bull market topped out before the 2022 crash.
For years it served as the ceiling. When Bitcoin finally pushed through and ran to new highs, the old ceiling became the floor underneath the advance.
Price has now fallen back to that floor and is testing it from above, and whether it holds is the question that decides the larger trend.
The early evidence is not encouraging for buyers. Bitcoin has slipped below its VWAP anchored to the 2022 bear-market low.
The VWAP, or volume-weighted average price, measured from that bottom tracks what the average buyer across the whole recovery has paid.
Trading beneath it means the long-term momentum that powered the climb has faded, and buyers no longer have firm control.
So do you buy this dip?
That is the question on every trader’s screen, and the chart argues for patience over enthusiasm.
The constructive case still exists, but it now comes with a condition attached: Bitcoin needs to climb back above that anchored VWAP and defend the old 2021 highs to keep the larger uptrend believable. Until it does, the burden of proof sits with the bulls.
If instead the price keeps stalling under the VWAP and slips through the 2021 shelf beneath it, the next leg of least resistance points lower, and the odds of a deeper, longer correction rise.
That is the more immediate risk the chart is flagging, and it is why a dip that looks tempting on price alone may not yet be the bargain it appears.
The level will likely resolve the debate before long.
For now, Bitcoin sits on the exact line that separates an uptrend taking a breather from one that has started to break, and the asset’s most famous buyer just chose this moment to step back.
Read the levels every morning, before the bell
Levels like this one get tested every day, across every market, and the hard part is knowing who to listen to when they do.
That is what the Stock Market TV Daily Rundown is for.
Every morning it lands in your inbox with the full day’s lineup: which analysts are going live, what they are breaking down, and the interviews and trading sessions worth tuning in for.
You hear the calls in real time, Monday through Friday, straight from the people making them, and you decide what to do with them.
It is free, and it takes one email to start getting it.
—
Originally posted 4th June 2026
Investopedia.com: The comments, opinions and analyses expressed herein are for informational purposes only and should not be considered individual investment advice or recommendations to invest in any security or to adopt any investment strategy. While we believe the information provided herein is reliable, we do not warrant its accuracy or completeness. The views and strategies described on our content may not be suitable for all investors. Because market and economic conditions are subject to rapid change, all comments, opinions and analyses contained within our content are rendered as of the date of the posting and may change without notice. The material is not intended as a complete analysis of every material fact regarding any country, region, market, industry, investment or strategy. This information is intended for US residents only.
Information posted on IBKR Campus that is provided by third-parties does NOT constitute a recommendation that you should contract for the services of that third party. Third-party participants who contribute to IBKR Campus are independent of Interactive Brokers and Interactive Brokers does not make any representations or warranties concerning the services offered, their past or future performance, or the accuracy of the information provided by the third party. Past performance is no guarantee of future results.
This material is from Investopedia and is being posted with its permission. The views expressed in this material are solely those of the author and/or Investopedia and Interactive Brokers is not endorsing or recommending any investment or trading discussed in the material. This material is not and should not be construed as an offer to buy or sell any security. It should not be construed as research or investment advice or a recommendation to buy, sell or hold any security or commodity. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.
Trading Bitcoin involves significant risk. Bitcoin prices can be highly volatile and may fluctuate rapidly, potentially resulting in substantial losses. Because Bitcoin operates on a decentralized blockchain, network congestion or technical issues may occasionally delay transaction settlement. Regulatory frameworks for digital assets are still evolving and could impact availability, liquidity, or pricing. When trading through Interactive Brokers, execution and custody are facilitated by regulated partners such as Paxos or Zero Hash; however, these arrangements do not eliminate the possibility of operational or counterparty risk.
Trading in digital assets, including cryptocurrencies, is especially risky and is only for individuals with a high risk tolerance and the financial ability to sustain losses. Eligibility to trade in digital asset products may vary based on jurisdiction.
Related Articles
Join The Conversation
For specific platform feedback and suggestions, please submit it directly to our team using these instructions.
If you have an account-specific question or concern, please reach out to Client Services.
We encourage you to look through our FAQs before posting. Your question may already be covered!