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Bitcoin's recent crash blamed on Strategy's BTC sale, not AI hype, says Arca.

Market News
09 Jun 2026
Coindesk
View Source
Bearish
pluang ai news

Bitcoin fell nearly 14% last week after Strategy disclosed selling 32 BTC, sparking concerns that more sales may follow to cover preferred share dividends. Strategy's chairman Michael Saylor blamed the selloff on AI capital rotation, but Arca's CIO Jeff Dorman disputes this, attributing the market drop to fears of forced selling by Strategy. Dorman suggests the market could stabilize if Strategy raises $2-4 billion to cover dividends long-term, but doubts this will happen, predicting continued selling pressure. Despite the selloff, Bitcoin's initial isolated drop shows growing market maturity as other crypto assets held steady before joining the downtrend.

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