Strategy sells 32 BTC; traders dump majors, buy AI and ZEC

Strategy, the company formerly known as MicroStrategy, sold 32 BTC for roughly $2.5 million in late May, according to a Form 8-K filed June 1. The disclosure coincided with a spike in cryptocurrency trading volume on June 1.

Bitcoin traded below $72,000 and fell about 2.35% on the session. Ether declined roughly 1.96%. U.S.-Iran geopolitical tensions and outflows from U.S. spot Bitcoin ETFs-more than $1.5 billion in outflows, the largest fund exit of 2026-also occurred that day.

Selling pressure was broad. Major coins and DeFi blue chips declined together. Derivatives tied to equity and crypto names showed elevated selling, including stock-linked perpetual swaps for MSTR and HOOD. Market volume rose as traders reacted to the disclosures and macro headlines.

On-chain analytics showed mid-cap outflows. Aave experienced roughly $133,000 in net outflows while its price held near $80.78, down about 0.4%. Chainlink recorded roughly $116,000 in net outflows with price near $9.00, down about 0.2%.

At the same time, selective buying concentrated in tokens tied to AI and privacy narratives. Humanity Protocol (H) drew about $310,000 in net inflows and rose 11.1% to $0.72 on roughly $38 million in trading volume, reaching a record high. Jupiter (JUP), a Solana-based token, attracted about $72,000 in net inflows and traded near $0.19 on roughly $4 million in volume.

Zcash (ZEC) traded near $545 and bounced off a support level near $536 as fresh buying entered the market. Short positions were concentrated in ZEC derivatives, creating a short-squeeze setup if buying continued.

The Strategy sale, ETF outflows and the broader macro environment coincided on June 1 and were accompanied by broad selling of majors alongside targeted inflows into AI and privacy tokens.