Bitcoin is experiencing a notable decline, exacerbated by a significant shift in strategy from one of its staunchest advocates, Michael Saylor. His company, Strategy, sold 32 bitcoins between May 26 and May 31, raising about $2.5 million. This marks only the second time in its history that Strategy has sold bitcoin, contradicting Saylor's previous mantra of 'never sell.' The cryptocurrency's price has fallen sharply, breaking through essential support levels including the 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Currently, Bitcoin is trading around $70,600, with the next critical support level at $65,000. Technical indicators suggest increasing downside pressure, raising concerns about further declines. As Strategy pivots to potentially selling bitcoin to bolster its financial standing, the market watches closely to see how this impacts investor sentiment and price action.