What happened?
Bitcoin dropped about 5.8% to roughly $105,100 after a triangle breakdown that pushed it toward $103.5k support. During the sell-off, Grant Cardone’s Cardone Capital bought another 200 BTC following a 300 BTC purchase days earlier. Cardone is using rental income from his real estate funds to gradually shift allocations from about 15% BTC toward a planned 50/50 real estate-BTC mix.
Who does this affect?
This affects short-term traders facing heightened volatility, investors in Cardone’s funds, and broader BTC holders watching institutional moves. Cardone’s strategy means his renters’ cash flow is indirectly funding BTC accumulation, giving his investors exposure without direct custody. Market observers and traders tracking technicals and on-chain flows will be watching for signs of institutional accumulation or further selling pressure.
Why does this matter?
It matters because large buyers adding BTC during a dip can absorb supply and shift market sentiment toward confidence, which may help stabilize prices. If more real-estate-backed funds follow this model, it could create a steady, predictable demand channel for Bitcoin that tightens available supply over time. Still, technical indicators remain bearish until key resistance is broken, so market impact will depend on whether accumulation outpaces continued selling.