Grayscale's Zach Pandl argues Strategy's $216M Bitcoin sale to cover preferred dividends reduces forced-liquidation risk and may help BTC find a durable

"Strategy is selling more bitcoin. But this will restore confidence in its financing structure and help bitcoin find a more durable bottom."

Bitcoin dips but recovers after Strategy dumps 3,888 BTC. Bitcoin's realized profit and loss ratio falls to a 43-month low of -0.35, a figure that signals a market bottom says…