MicroStrategy sells 32 BTC; $1.64B crypto liquidations

MicroStrategy sold 32 BTC, its first Bitcoin sale in 41 months. Rising US‑Iran tensions coincided with the disclosure and contributed to $1.64 billion in forced liquidations across crypto over a 24‑hour period. The total crypto market capitalization fell 0.81% to $2.26 trillion and Bitcoin briefly traded below $66,000.

The liquidation tally included about $1.47 billion in long positions. Bitcoin accounted for the largest share, with roughly $744.8 million of positions liquidated. MicroStrategy’s stock fell about 9.95% after the company disclosed the sale.

Bitcoin traded near $65,966 after peaking at $74,146 on May 31, a decline of roughly 11.2% from that local high. Trading volume rose during the pullback. The daily price candle showed little lower‑wick buying. Technical thresholds noted by market participants include a daily close above $66,908 and then $70,305, the 0.618 Fibonacci level; immediate support levels cited include $65,032 and $62,581.

The overall market cap sits just above a support band near $2.23 trillion. Analysts said if that band holds, a rebound toward $2.33 trillion is possible. If $2.23 trillion breaks, there is limited technical support below. The recent liquidations are large but remain smaller than the record single‑day liquidations of more than $19 billion on Oct. 10, 2025.

Altcoins experienced declines. Worldcoin (WLD) fell about 14% in 24 hours to a low near $0.375 and later traded around $0.388. Short‑ and medium‑term moving averages show the 20‑day exponential average approaching the 100‑day average near $0.329; technical analysis points to a 0.236 Fibonacci level near $0.441 as a potential upside reference and to the 100‑day and 50‑day averages near $0.329 and $0.300 as downside references.

Cardano’s ADA dropped about 6.5% to roughly $0.215 after founder Charles Hoskinson publicly criticized the network’s governance following announced shutdowns by an analytics platform and a meme project.

Separately, Adecoagro, an agricultural company that has issued tokens backed by Tether, said it plans to launch sugarcane‑powered Bitcoin mining operations in Brazil around July 1.

Market participants pointed to concentrated exposures, including large holders and ETF flows, as factors that can amplify price moves when sentiment shifts. Geopolitical developments and the MicroStrategy disclosure coincided with the forced selling that produced elevated short‑term volatility.