Bitcoin slid ~6%
Bitcoin dropped about 6% from highs near $75K on March 17 to lows around $68.8K on March 19, with traders flagging a distribution phase and weakening momentum. (x.com) Despite the pullback, Michael Saylor’s Strategy reportedly kept buying BTC via STRC, a detail traders say is propping up bullish sentiment. (x.com)
Exchange price feeds show Bitcoin printed an intraday high near $75,000 on March 17 and an intraday low around $68,800 on March 19, a decline of roughly 8.3% across that three-day window. (coinmarketcap.com) Multiple X posts from market commentators characterized the move as a distribution phase with weakening momentum rather than a clean, sentiment-driven selloff, a view that surfaced through March 18–19. (x.com) A separate X post attributed ongoing spot purchases to Michael Saylor’s Strategy vehicle, labeled “STRC” in the thread, and traders cited those reported buys as a partial technical backstop that helped prevent a deeper immediate decline. (x.com) Short-term exchange-chart indicators showed lower intraday highs and compressed momentum metrics during the pullback, which traders pointed to when arguing that supply was being absorbed at higher levels even as price dipped. (finance.yahoo.com)
