Metaplanet Pushes Back on Fears of a Bitcoin Treasury Sell-Off

Bitcoin News: Metaplanet CEO Rejects Fears of a BTC Sell-Off

Bitcoin is trading at around $63,500, down approximately 0.6% over the past day, as the cryptocurrency remains confined to a narrow trading range. Fresh attention has turned to corporate Bitcoin treasury activity after a large transfer by Metaplanet sparked speculation that the company could be preparing to sell BTC.

The Japanese Bitcoin treasury firm moved 5,014 BTC, valued at roughly $322 million, between its custodial wallets during a 24-hour period starting Wednesday. The transaction quickly raised concerns among market participants that Metaplanet might be reducing its Bitcoin position.

Metaplanet CEO Simon Gerovich dismissed those concerns, stating that the transaction was part of a routine custody process. He confirmed that no Bitcoin had been sold and that the company still holds 43,000 BTC.

The transfer reportedly generated only about $8 in network fees, showing how efficiently large Bitcoin amounts can be transferred on-chain without going through exchange order books.

Although Gerovich’s comments have eased fears of a Metaplanet sell-off, the development does not significantly change Bitcoin’s wider market structure. Broader macroeconomic conditions remain a key driver for BTC, while traders continue to monitor activity among other corporate Bitcoin holders.

Bitcoin Price Outlook: Can BTC Move Above $64K?

Bitcoin’s recent price action around $63,770 indicates that the market is consolidating rather than following a clear trend. Trading volume remains relatively subdued, suggesting that investors are waiting for a catalyst before making a stronger move.

The $63,373 level is emerging as a key short-term support zone. A break below it could increase selling pressure and expose BTC to lower support levels. Conversely, a move above $64,000 supported by higher volume could strengthen bullish momentum and put recent highs within reach.

A bullish breakout above $64,000 could attract momentum traders while forcing short sellers to cover their positions, potentially accelerating the move higher.

If neither side gains control, Bitcoin could continue moving between roughly $63,300 and $64,000 as traders digest corporate treasury developments and await fresh economic data.

A sustained decline below $63,373, however, would weaken the current technical structure and could send BTC toward earlier support areas.

Bitcoin Price Bets Shift Toward Lower Targets

Prediction-market traders have also become far less confident that Bitcoin will return to $100,000 during 2026. Kalshi currently gives BTC just a 1.6% chance of reaching $100,000 or more this year, compared with a 91% probability in January.

The odds of Bitcoin reaching $90,000 have similarly collapsed, falling from 71% in early May to about 2.5%.

Meanwhile, traders see greater potential for a significant downside move. Current market pricing places the probability of Bitcoin falling below $45,000 at 20%, while the chance of dropping beneath $40,000 stands at 15%.

The increased activity around Bitcoin forecasts comes as BTC continues to navigate a prolonged period of weakness. Analyst Alessio Rastani has warned that Bitcoin could fall as low as $20,000 by the end of 2027 before recovering sharply.

However, the bearish outlook is not universal. Bitwise Chief Investment Officer Matt Hougan has pointed to Bitcoin’s resilience despite negative developments, including Strategy’s BTC sales and delays to the CLARITY Act, as evidence that the crypto winter may be coming to an end.