Bitcoin Still Hampered by Strategy Selling Concerns Ahead of Fed Meeting

Bitcoin (BTC) bounced off week-to-date lows into Wednesday’s Wall Street open as corporate sell pressure returned to the radar. The pair dropped to $64,500 on Bitstamp before recovering, leaving the current weekly candle at a new low and keeping BTC stuck below the 66k level ahead of the Federal Reserve’s interest-rate meeting.

QCP Capital said the market’s underperformance reflects concern that Strategy may need to sell more Bitcoin to fund dividend payments after buying back $1.5 billion of its 2029 Convertible Senior Notes. Although Strategy’s contingency measures and the sale of 32 BTC in May have extended its runway, QCP warned the overhang could continue to mute Bitcoin’s participation in broader macro optimism.

The firm also highlighted the timing of Kevin Warsh’s first meeting as Fed chair, calling it a difficult opening act as he balances inflationary trends with pressure to cut rates from president Donald Trump.

United States, Wall Street

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