News Block: Bitcoin Slides Below $60,000, Strategy Sells BTC for the First Time, Saylor Publishes Bitcoin's Ideological Roadmap

— Bitcoin fell below $60,000 (lowest since early February) amid $3 billion in ETF outflows over 10 consecutive trading days and over $1.1 billion in liquidated long positions.

— Major AI mega-IPOs (SpaceX targeting $75 billion, Anthropic filing S-1, OpenAI expected later) are draining institutional capital from Bitcoin into tech.

— Strategy sold 32 Bitcoin (0.004% of holdings) for the first time since 2022 to fund dividend payments; Saylor hinted at future purchases, signaling this is not a loss-of-faith event.

— Michael Saylor published "The Four Ideologies of Bitcoin," arguing the community needs maximalists, capitalists, technologists, and fundamentalists working in tension for global adoption without sacrificing decentralization.

— Macro headwinds persist: Fed holds rates steady under new Chair Kevin Warsh, inflation at 3.8%, energy prices up 18% due to Iran conflict disrupting trade.

— Separate price action from fundamentals: Bitcoin's monetary policy, supply cap, and block production remain unchanged regardless of price; bear markets test genuine conviction. Use downturns to distinguish long-term infrastructure building from short-term speculation.

— Monitor institutional capital rotation: Massive tech IPOs competing for the same capital pool is a temporary liquidity drain, not a structural shift away from Bitcoin. Watch when mega-IPO cycles conclude and capital reallocates.

— Scale matters for corporate Bitcoin holders: Strategy's 0.004% sale (32 of 843,706 BTC) after acquiring ~90,000 coins in Q1 demonstrates disciplined capital management; focus on net buyer behavior over multi-year periods, not individual transactions.