Today — not the most pleasant news, and honestly, I didn't expect to see them this early.
🔻 The company Sequans (SQNS), which has consistently accumulated BTC, has for the first time transferred 970 $BTC to the exchange. Likely — for sale.
🔻 ETHZilla, which regularly topped up its balance with ether, realized $ETH for $40 million.
These are not just transactions. This is — a potential signal: treasury crypto-companies that were once the backbone of the market may become a Trojan horse. If prices continue to fall or remain sideways, everything may collapse like a house of cards.
📌 Problem: these companies took loans in dollars to buy crypto. Now — they are selling crypto to return dollars. And if the asset isn't growing — there is simply no money.
❗️For now, these are just two companies, and the amounts are not critical. But if something similar is done by, say, MicroStrategy — it will hurt everyone.
What is urgently needed:
- Rate reduction
- End of QT → Transition to QE (waiting for a hint from Powell)
- Positive from Trump regarding the strategic reserve ('we are working on this')
- Tax incentives
- Pension savings in crypto
- "Helicopter money"
After the 10th, it became clear: there is little liquidity in the system, and a difficult period lies ahead.
I'm not panicking. I'm just sharing thoughts.
