$BTC Another publicly listed company.

It seems they are starting to reach their limit.
KULR Technology.
Just transferred 300 BTC to Coinbase Prime.
Market suspicion: preparing to sell coins ⚠️
On-chain data shows:
Publicly listed company:
KULR Technology
3 hours ago transferred to:
Coinbase Prime
Transferred:
300 BTC
Worth approximately:
$24.36 million.
Why is this move important?
Because Coinbase Prime,
itself is a common channel for many institutions:
Custody + OTC + Selling.
So the market’s first reaction will naturally be:
“KULR might be preparing to sell BTC.”
And more critically,
KULR’s current BTC holdings are actually already:
severely unrealized losses.
Data shows:
As of July 2025,
KULR’s total expenditure is about:
$101 million,
buying:
1021 BTC.
Average cost approximately:
$98,627.
And based on current prices,
their unrealized losses have already approached:
$17.8 million.
This also indicates a key point:
Not all “companies holding BTC” are like Strategy.
Many companies:
have smaller positions.
face greater financial pressure.
have lower tolerance for losses.
So when the market experiences long-term volatility,
or losses expand,
some companies may start to:
actively reduce their holdings.
On the other hand,
300 BTC for the entire BTC market,
is not particularly large.
What really matters is:
market sentiment.
Because recently, there has been an increasing number of:
whale transfers.
company coin sales.
high leverage liquidations.
These signals, combined,
will continuously influence short-term sentiment.
But in the long run,
institutional buying still persists:
ETF inflows continue.
Strategy keeps increasing positions.
Long-term whales are still accumulating.
So now the market is increasingly resembling:
short-term traders can’t hold on and sell,
but long-term investors keep buying. 👀#Gate广场五月交易分享