Trader Light Reports Strategy Sold 491 Bitcoin on July 1, Authenticity Questioned

According to trader Light, Strategy reportedly sold 491 Bitcoin on July 1 evening, according to on-chain data monitoring. Light is a prominent OG-level trader with over 180,000 followers on X, who previously warned of Terra LUNA's collapse in 2022.

Arkham analyst Emmett Gallic, however, stated the authenticity remains uncertain, noting the involved addresses show behavior inconsistent with Anchorage's confirmed custody addresses. The UTXO sources, withdrawal patterns, Galaxy Deposit usage, and counterparties differ from Strategy's typical large transaction patterns, with amounts also significantly smaller than usual.