Sequans: Liquidates Bitcoin Treasury

Sequans Communications, a key player in IoT chipmaking, just dumped nearly half its Bitcoin treasury to tackle mounting losses and crushing debt obligations, marking a sharp pivot from its earlier crypto bets.

As a senior macro-crypto prop trader, let's dissect the BTC 4h chart confluence here—price sits at $81,660.56, grinding against the upper Bollinger Band resistance at $82,140.15 while RSI screams overbought at 70.8, signaling potential exhaustion in this bullish run fueled by a MACD golden cross at 968.32. With the EMA50 holding firm as support at $78,723.46 and EMA200 at $75,188.3 underpinning the structure, expect a tactical pullback to that 50-EMA level before buyers reload for continuation, especially as corporate treasury liquidations like this ripple through Bitcoin treasury liquidation trends and broader crypto market impact. This echoes the volatility we saw in Q4 2025, when similar debt-driven sells pressured BTC price prediction models amid rising institutional adoption of assets like TAO.