Unconvinced the Selloff Is Done, Taking Some Profits in HYPE/PURR (Portfolio Rebalance)
Jun 2, 2026
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Strategy Concerns Continue to Pressure Crypto Markets: It was another difficult session for crypto, with BTC closing down more than 6% and most major assets participating in the selloff. The primary driver remains concerns surrounding Strategy and the durability of its capital markets flywheel. STRC traded below 96 intraday and closed below 97, while MSTR common also moved lower. Importantly, the relative strength exhibited by assets such as HYPE, SOL, and ETH yesterday largely disappeared, with today's selling p...
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