Sequans Dumps Half Bitcoin Holdings

French chipmaker Sequans just slashed its Bitcoin holdings by half, ditching the treasury hype for cold reality as corporate adoption faces headwinds. This move underscores the growing skepticism around BTC as a reserve asset, especially after last quarter's volatility that saw firms like MicroStrategy double down while others pull back. Sequans' decision highlights crypto market volatility and questions long-term Bitcoin treasury strategy amid regulatory shifts.

Zooming into the 4h BTC chart, price action at $81,448 presses against the upper Bollinger Band resistance of $81,836, signaling potential short-term exhaustion in this bullish run. The EMA50 at $78,599 and EMA200 at $75,139 anchor solid support below, with MACD's golden cross at 926.61 confirming upward momentum—yet RSI at 68.95 stays neutral, hinting at room for continuation without immediate overbought risks. Expect a test of that upper band before any retrace to EMA50, aligning with broader BTC price prediction trends in this hype-fueled cycle.