Bitcoin Faces Fresh Selling as ARMA Bill Lacks 1 Million BTC Mandate

• Bitcoin fell from May 22 to May 23 and slipped below the ¥12 million level.
• The ARMA bill would create a Strategic Bitcoin Reserve, but reports said it lacks a firm 1 million BTC purchase mandate.
• Options data showed the put-call ratio rising to 100.62, pointing to stronger hedging demand.

Bitcoin entered the weekend under pressure after policy expectations cooled and market data showed heavier selling across spot and derivatives venues. The move pushed BTC below ¥12 million, a key psychological level for Japanese traders, while dollar-based charts showed price hovering near the mid-$75,000 zone.

Recent market data breaks down the Japanese market report, the ARMA disappointment, Trump Media-related transfer concerns, and the warning signs appearing in futures and options data as traders watch the next U.S. macro and crypto policy dates.

Policy Hopes Fade as Bi…

Read The Full Article Bitcoin Faces Fresh Selling as ARMA Bill Lacks 1 Million BTC Mandate On Coin Edition.