K-Pop Firm: Dumps Bitcoin for AI Pivot

A major K-Pop entertainment firm just torched its Bitcoin treasury strategy, pivoting hard into AI, and investors hammered the stock with a brutal plunge. Shares cratered over 20% in Seoul trading after the announcement, erasing gains from last quarter's crypto hype. This move underscores the fickle dance between traditional firms and digital assets, especially as BTC flirts with fresh highs in 2026's bull run, while AI industry impact reshapes corporate plays.

Zooming out, this dump echoes the crypto market crash vibes from mid-2025, when firms like MicroStrategy doubled down on BTC amid regulatory heat, only for volatility to bite. Now, with AI eating capital, expect more treasuries to flip—potentially pressuring Bitcoin liquidity if the trend catches.

On the technical front, BTC holds firm in its bullish stride on the 4-hour chart, grinding above the EMA50 at $78,039.95 while the EMA200 at $74,912.40 anchors long-term support. MACD screams golden cross strength with a 671.14 reading, but RSI at 63.08 stays neutral, hinting at no immediate overheat. Price hugs the upper Bollinger band near $80,336.65 resistance, with lower support at $77,412.51 offering a cushion—confluence suggests a quick dip to test that 50-EMA before resuming the grind higher, perfect for institutional longs eyeing BTC price prediction targets above $85K.