Geopolitical uncertainty and competition from equities are posing bigger near-term risks to bitcoin's price.

Strategy sold Bitcoin, sparking jitters among investors and raising questions among analysts toward the prospect of future sales.

The move suggests a greater willingness on the part of Michael Saylor and Strategy to use BTC holdings to support the capital structure, said one analyst, while others disagreed.

Crypto analysts say investors should look closely at each company's financial situation rather than expecting a cascade of incoming sales.

Geopolitical uncertainty and competition from equities are posing bigger near-term risks to bitcoin's price.