KULR Technology Dumps 300 BTC to Coinbase

KULR Technology just offloaded 300 BTC valued at $24.36 million to Coinbase, signaling a quiet exit from its Bitcoin treasury play. The firm originally snapped up 1,021 BTC at an average price of $98,923, riding the wave of corporate Bitcoin adoption that sent its stock surging 10x on the hype. Now, with shares cratering 92.7% from their peak, this move underscores the pitfalls of the 'BTC treasury' strategy, echoing failures in the crypto market crash over the past year where companies like those in aerospace and defense chased Bitcoin trends only to face massive drawdowns. As Bitcoin price prediction models evolve amid volatility, KULR's thermal management expertise in batteries for space and defense couldn't shield it from the broader crypto market crash hitting treasury holders hard.

Zooming into the 4-hour Bitcoin chart, price action clings to $81,236.87 with a bullish EMA structure—50-period at $80,554.82 acting as immediate support and the 200-period at $76,872.17 anchoring the longer-term floor—yet the MACD flashes a death cross at 82.87, hinting at mounting bearish pressure that could force a test of lower Bollinger support at $80,181.26. Momentum sits neutral with RSI at 53.44, but as BTC trades inside the bands with upper resistance capping at $82,057.78, we're eyeing confluence for a potential retracement to that EMA50 level before any resumption of the uptrend, especially if volatility exhausts near these bands amid ongoing BTC price prediction debates and hype around assets like TAO in the broader crypto ecosystem.