QCP Capital: Strategy's selling of cryptocurrencies, coupled with macroeconomic pressures, caused Bitcoin to fall more than 11% this week.

CoinFeed, June 3rd - According to the latest market report from QCP Capital, Bitcoin has fallen approximately 11.6% this week, continuing to face downward pressure. Market sentiment was affected by the news of Strategy's unusual sale of 32 BTC. Although the sale amounted to only about $2.5 million, having little substantial impact on its holdings of over 840,000 BTC, it shattered the market's long-held expectation that Strategy would "never sell its coins," weakening the confidence of some investors. The macro environment was also unfavorable. Escalating tensions in the Middle East and stalled US-Iran negotiations pushed up oil prices, and the risk premium in the Strait of Hormuz has resurfaced. Meanwhile, stronger-than-expected US job openings data reduced market bets on a short-term rate cut by the Federal Reserve, reinforcing expectations of "higher for longer." The options market showed a significant increase in defensive sentiment.