- Bitget’s CEO criticized Saylor’s BTC sale, citing his previous vow to not promote Bitcoin.
- Saylor’s BTC gross sales have come below scrutiny as ETF outflows reached $4.37 billion and BTC broke via the $65,000 help.
- Bitget CEO stays bullish on Bitcoin in the long run, whereas warning of short-term dangers.
On June 4, 2026, BitGet CEO Gracie Chen publicly criticized Technique CEO and co-founder Michael Saylor following the latest Bitcoin sale, saying his actions and statements have eroded confidence within the flagship coin. Whereas sustaining his long-term bullish outlook for Bitcoin, Chen highlighted market realities reminiscent of spot ETF outflows and the shift of institutional capital to synthetic intelligence (AI).
Bitget CEO criticizes Michael Saylor over BTC sale
Chen publicly criticized Saylor for promoting BTC on X. She famous that Mr. Saylor had beforehand claimed publicly that he would “promote a kidney earlier than he would promote a coin,” and argued that the sale would undermine his long-standing conviction.
Mr. Saylor has constructed a popularity over 5 years as BTC’s most vocal company advocate. He positioned his firm as a “Bitcoin treasury firm” and repeatedly promoted a “HODL perpetually” philosophy as he relentlessly collected BTC via bond and inventory issuance whereas publicly rejecting the idea of promoting. The corporate’s technique centered on holding BTC indefinitely as a superior asset and by no means promoting it, even throughout market downturns.
In the meantime, the narrative modified after Technique disclosed in its SEC 8-Ok submitting that it offered 32 BTC between Could 26 and Could 31. The sale generated roughly $2.5 million at a mean value of $77,135 per BTC.
Chen identified that Saylor’s earlier Bitcoin sale in 2022 coincided virtually precisely with the underside of the earlier cycle. This time, Bitcoin offered close to $77,000 earlier than briefly falling beneath $62,000 earlier than stabilizing, drawing comparisons to earlier market patterns.
What’s Subsequent for BTC Amid Huge ETF Outflows and Market Stress?
Particularly, Chen maintains a long-term bullish stance on BTC given the worldwide monetary growth, however outlines a possible draw back to $59,000 after which $48,000 to $52,000, advises DCA and money reserves, and says he’s ready for ETF inflows and improved liquidity as a sign of stabilization. On the time of writing, BTC is buying and selling at $63,581.32, down 5.08% up to now 24 hours, giving it a market cap of $1.27 trillion.
This comes amid broader market pressures, together with report 13-day spot ETF outflows of about $4.37 billion and inflation issues amid expectations for restricted Fed fee cuts.
Additional stress is coming from technical weak point as BTC broke above the $65,000 EMA50 help degree, in addition to liquidity drains from upcoming IPOs reminiscent of SpaceX, OpenAI, and Anthropic.
Trying forward, she recognized particular catalysts wanted for stabilization, together with strengthening market liquidity, easing structural promoting pressures, reviving ETF inflows, and reviving the compelling crypto story. Till such indicators emerge, Chen suggested traders to stay calm and never turn into overly optimistic.
Associated: Michael Saylor tweets ‘suppose larger’ as technique hinting at largest Bitcoin buy
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