Michael Saylor's Strategy has sold another 1,690 Bitcoin, extending a recent break from the company's long-standing pattern of almost exclusively accumulating BTC.

Bitcoin may have found its correction floor around $57,800 after June and July produced almost identical lows.

Bitcoin traded near $63,900 on August 4 after reclaiming its 50-day simple moving average at approximately $63,250.

Strategy raised money from both its Bitcoin reserve and the capital markets during the latest reporting week.

Bitcoin defended support near $62,100 on August 1, but the August 2 rebound faded around the 50-day SMA, leaving $63,600 resistance untested.

Bitcoin opened August below a key support band, while Santiment recorded its most bearish Bitcoin commentary ratio since modern tracking began.

Bitcoin started on July 31 at $64,700, reached $65,340, and trades at $63,660 at the time of writing, down roughly $1,050 on the session.

The Bank of Japan held its policy rate at 1.0% on July 31, six weeks after raising borrowing costs in June.

Strategy holds 843,775 BTC bought at an average of $75,476, against a price near $64,800 at the time of writing. That puts the position roughly $9 billion below the $63.69 billion the company spent acquiring it.

Bitcoin has declined during the August–September window before all three U.S. midterms in its trading history, then fallen further in the fourth quarter each time.

The Federal Reserve left its benchmark rate unchanged at 3.50%-3.75% on July 29, extending its pause for a sixth consecutive meeting as policymakers continue to assess persistent inflation.