Crypto reserve firms net-sell BTC for third straight week

Companies with a Digital Asset Treasury (DAT) strategy have been net-selling their Bitcoin holdings for three consecutive weeks, Cointelegraph reported. Nic Puckrin, founder of Coin Bureau, said that according to data from Capriole Investments, this continued net-selling by DAT companies is increasing short-term downward pressure. He added that if the selling persists, the price of BTC could head toward bear market lows.