Alright, this one turned heads 👀 — GameStop just exited its Bitcoin position, and not quietly…
🏢💔 Corporate Exit Move
🎮 GameStop transferred 4,710 BTC to Coinbase
💸 Bought around $107.9K, sold lower
📉 Estimated ~$80M loss realized
That’s not trimming… that’s a full exit 🚪
But here’s the twist ⤵️
👔 CEO Ryan Cohen bought 1M GME shares (~$21M)
➡️ Clear signal: focus shifting back to core stock growth, not crypto plays
🌍 Market Mood Right Now
🪙 BTC Price: $88,788
📉 24h: -0.9%
📉 7D: -5.2%
😨 Fear & Greed Index: 34 (Fear)
🏦 BTC Market Cap: $1.77T
👑 Dominance: 59.3%
Meanwhile…
📤 Spot ETFs saw $1.33B in outflows in just 5 days
Institutional appetite looking shaky 🍽️❌
📊 BTC Technical Picture
🧱 Support: $85,600 → $84,000
🚧 Resistance: $95K → $99.5K
🚀 Break $100K = road to $110K
📏 RSI: 48 (neutral, no extreme)
📉 MACD: Bearish pressure fading
🎯 Bollinger Bands tightening = big volatility move loading…
⚠️ Many leveraged longs sitting near $85K
💥 Liquidation zone = danger area
🎮 GME Stock Setup
📍 Holding above $20 support (double bottom formed)
📈 Break $24 → target $27.50
💡 Traders eyeing it as buy-the-dip zone
🐋 Smart Money vs Retail
🐳 Whale avg entry: $92,033 (currently underwater)
📉 Binance top traders leaning sell
📊 Long/Short ratio: 1.24 (retail still bullish)
So we’ve got:
Institutions cautious 🧊
Retail hopeful 🔥
Corporates de-risking 🏃♂️
⚠️ Big Risk Factors
📉 Fear rising
🏢 Corporate treasury selling starting
🧨 If more firms copy GameStop → cascade pressure possible
But…
🧠 Markets often bottom when fear peaks.
This isn’t just a price move.
It’s a sentiment shift + corporate behavior change moment.
Next big move? Likely explosive. Direction = depends on who wins:
🐳 Smart money or 🧑🚀 retail optimism.
