ShareBTCTOP CEO Addresses Market Concerns Over Bitcoin Selling

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 5 days ago

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Response to Market Concerns: ShareBTCTOP CEO Jiang Zhuoer stated on social media that despite increasing market fears regarding Bitcoin price declines, he firmly believes the company will not 'substantially net sell BTC,' indicating a strong commitment to protecting its long-term Bitcoin holding image.
Debt Management Capability: Jiang pointed out that even if Bitcoin falls to $30,000, the company's leverage ratio would only rise from about 5% to 10%, demonstrating financial resilience and management capability in the face of market volatility.
Sales and Purchase Strategy: Although the company sold 32 BTC at the end of May, raising approximately $2.5 million for preferred stock dividends, Jiang emphasized that it still has the ability to cover STRC interest by selling older, low-cost Bitcoin, thereby maintaining its image as a net buyer over time.
Capital Market Dependency: The company’s recent purchase of 24,869 BTC for about $2.01 billion in May highlights its reliance on capital markets, with Jiang asserting that low leverage and accounting flexibility allow the company to manage deeper Bitcoin drawdowns while protecting its long-term Bitcoin narrative.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	54008.831	56569.87	59642.241	62203.28	65275.651	67836.69	70909.061
Fibonacci	56569.87	58721.833	60051.318	62203.28	64355.243	65684.728	67836.69

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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