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Bitcoin holders like KULR sell $24M BTC amid $30B market loss and institutional sell-off

Market News
13 May 2026
AMBCrypto
View Source
Bearish
pluang ai news

KULR Technology Group sold 300 BTC worth $24.36 million to cut losses as Bitcoin prices fell below their average purchase price, resulting in an $18.25 million loss. This reflects a broader trend where public companies holding Bitcoin have seen their total holdings drop from $126 billion to $96 billion, incurring $30 billion in unrealized losses. Other firms like Riot and MARA are also selling Bitcoin amid heavy losses, signaling ongoing pressure on institutional investors and a weakening Bitcoin market. This cycle of selling by large holders may continue to weigh on Bitcoin's price recovery.

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