🔥 This isn’t a panic dump; it’s a strategic supply drain that could light the next BTC surge.
📊 Sequans Communications sold roughly half its treasury—about 1,200 BTC at $77.6K each—while the broader market shows a bullish tilt: #Bitcoin price up 1.01% in 24 h, futures OI holding steady at $7.71 B, funding +0.0100% and a 2.5 × long‑short ratio (#Futures, #OnChain). The corporate sell‑off coincides with a rare contraction in on‑chain supply, a metric most traders ignore.
💡 With exchange‑level reserves drying and futures sentiment still net‑long, the imbalance nudges price toward the upside.
🔎 Keep an eye on the weekly #exchangeReserves outflow and any shift in BTC OI over the next 48 hours.
❓ If more treasuries follow Sequans’ playbook, are we standing at the brink of a breakout the market hasn’t priced in yet?
📊 Sequans Communications sold roughly half its treasury—about 1,200 BTC at $77.6K each—while the broader market shows a bullish tilt: #Bitcoin price up 1.01% in 24 h, futures OI holding steady at $7.71 B, funding +0.0100% and a 2.5 × long‑short ratio (#Futures, #OnChain). The corporate sell‑off coincides with a rare contraction in on‑chain supply, a metric most traders ignore.
💡 With exchange‑level reserves drying and futures sentiment still net‑long, the imbalance nudges price toward the upside.
🔎 Keep an eye on the weekly #exchangeReserves outflow and any shift in BTC OI over the next 48 hours.
❓ If more treasuries follow Sequans’ playbook, are we standing at the brink of a breakout the market hasn’t priced in yet?
