#real yields

Bitcoin entered June under significant pressure, trading down approximately 11.6% on the week heading into June 8 and struggling to reclaim key momentum levels — caught between crypto-specific deleveraging and a macro environment where oil, real yields, and policy uncertainty are all moving in the wrong direction simultaneously, according to QCP Capital’s latest Market Colour update. Related Reading: Bad News For Bitcoin: Historical Lows Show The Bottom Actually Lies Below $30,000 The catalyst that accelerated the selloff came from an unexpected source. Strategy’s disclosure that it sold 32 Bitcoin in late May to fund preferred dividend payments — a sale immaterial in size but significant in symbolism — was enough to challenge the “never sell” narrative that has made the company a structural demand anchor for Bitcoin since 2020, per QCP’s analysis. “In markets, symbolism rarely pays dividends, but it can certainly move prices,” the firm noted in the June 3 report. BTC's price records s