Bitcoin coverage from MarketBit.
John Bollinger, the creator of Bollinger Bands and one of the most recognized names in technical analysis, has flagged a potential W-shaped bottom forming on Bitcoin's chart, raising the question of whether this classic pattern could mark a turning point for the leading cryptocurrency.
Nasdaq-listed K Wave Media has sold its remaining 88 BTC to repay $6 million in debt, fully exiting its Bitcoin treasury position and leaving the company with zero cryptocurrency exposure on its balance sheet.
The figure comes from a Bitcoin Treasuries report tracking publicly listed companies that hold Bitcoin on their balance sheets. The nearly 9,000 BTC accumulation represents one of the data points investors use to gauge institutional demand.
Bitcoin has recorded what analysts are calling an extremely rare breakdown, a technical signal that has appeared only a handful of times in the cryptocurrency's history and is now drawing attention from traders watching for confirmation of a broader trend shift.
President Trump has reportedly disclosed more than $50 million worth of Bitcoin held in a cold wallet, according to a financial disclosure filing that has drawn immediate attention from both crypto and political observers.
An analyst has compared Michael Saylor to crypto's "biggest villain," drawing a parallel between the Strategy executive chairman's aggressive Bitcoin accumulation strategy and the damage caused by fallen figures like FTX's Sam Bankman-Fried.