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Bitcoin Treasury Selling Hits Rare Level Ahead of MicroStrategy's MSCI Test
The Bitcoin Treasuries Buy-Sell Ratio, which compares corporate Bitcoin buying with selling, fell to 89.58%, a level seen only three times previously. BeInCrypto's historical review says Bitcoin later rose 2.1 to 9.6 times, but first fell another 11% to 46%.
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What happened
The Bitcoin Treasuries Buy-Sell Ratio, which compares corporate Bitcoin buying with selling, fell to 89.58%, a level seen only three times previously. BeInCrypto’s historical review says Bitcoin later rose 2.1 to 9.6 times, but first fell another 11% to 46%.
Confirmed
Global impact / market context
The ratio signals heavy selling by public companies, which can add Bitcoin supply and weigh on its price in the near term. Earlier readings preceded large gains, but further declines came first, so the pattern does not identify a reliable buying point.
Analyst inference
The article says 14 public companies sold or transferred an estimated 108,247 BTC, worth $8.08 billion, in 2026, with miners responsible for most activity. It offers historical comparisons, not evidence that the current episode will produce the same price path.
Confirmed
What to watch
- Watch whether the Bitcoin Treasuries Buy-Sell Ratio remains below 90% or recovers; sustained corporate selling could indicate continued supply pressure on Bitcoin prices. Analyst inference
- Track any further details on the reported company sales and transfers, especially miner activity, which the article identifies as most of the activity. Analyst inference
- The title flags MicroStrategy’s MSCI test, but the supplied article text gives no test details or outcome; any effect on the company remains unclear. Confirmed
Affected assets
- BTC — Bitcoin