K Wave Media Completely Liquidates Bitcoin Holdings
- Bitcoin Liquidation: K Wave Media sold its entire 88 BTC, raising approximately $6 million to pay down debt, marking its exit from the ranks of companies holding Bitcoin and reflecting a strategic shift under liquidity pressure.
- Strategic Shift: The company plans to reallocate up to $485 million of its remaining Bitcoin treasury to build AI infrastructure, emphasizing its focus on emerging markets, despite its Bitcoin holdings being negligible compared to others like MicroStrategy's 843,706 BTC.
- Market Compliance Challenges: K Wave Media faces compliance issues for not meeting Nasdaq's minimum market value requirements and plans to vote on rebranding as Talivar Technologies at a shareholder meeting on July 10, 2026, indicating uncertainty during its restructuring process.
- Industry Warning: K Wave's liquidation serves as a cautionary tale for other small-cap Bitcoin treasury companies, particularly those burdened by debt and having purchased Bitcoin at high prices, who may face similar choices between holding depreciating assets or liquidating to meet financial obligations.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 3 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00688 | 0.0122 | 0.0165 | 0.0218 | 0.0261 | 0.0314 | 0.0357 |
| Fibonacci | 0.0122 | 0.0159 | 0.0182 | 0.0218 | 0.0255 | 0.0278 | 0.0314 |
About AI
About the author
