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#StrategyEndsBuyTheDip $BTC $XMSTR 🔴 Bitcoin plunges to $62,500—what is happening? Bitcoin has dropped to around $62,500—its lowest level in nearly two weeks—after MicroStrategy (MSTR) announced plans to potentially sell up to $5 billion worth of Bitcoin to fund financial objectives such as increasing cash reserves, paying dividends, and repurchasing shares. This news has dampened market sentiment, making investors more cautious. In addition to the pressure from MicroStrategy, a sharp rise in U.S. Treasury yields has driven capital away from risk assets, placing further downward pressure on Bitcoin. 👀 What to watch: The $62,000–$62,500 range is currently a critical short-term support level. If this level holds, BTC could rebound to the $64,000–$65,000 range. If support fails, the market may retest the $60,000–$61,000 zone in the short term.