Daily Crypto Signals: KULR & Ethereum Shake Up Crypto—$10M BTC Buy & 224K ETH Outflow

KULR Technology Group Inc. (NYSE American: KULR) is doubling down on its Bitcoin strategy, acquiring an additional 96.3 BTC for $10 million.

The company’s total Bitcoin reserves now stand at 610.3 BTC, with a cumulative investment of approximately $60 million.

KULR purchased this batch at an average price of $103,905 per BTC, reinforcing its commitment to holding Bitcoin as a core treasury asset. The firm originally introduced this Bitcoin Treasury Strategy on Dec. 4, 2024, committing up to 90% of surplus cash reserves to Bitcoin.

This move aligns with a broader institutional trend where companies, including MicroStrategy (now Strategy), have ramped up their Bitcoin holdings. Strategy currently holds 478,740 BTC, valued at $31.1 billion, while Japan’s Metaplanet is on track to reach 21,000 BTC by 2026.

Why This Matters

• KULR now holds 610.3 BTC, expanding its treasury strategy.

• MicroStrategy leads with 478,740 BTC, while Metaplanet is scaling up.

• U.S. states are exploring Bitcoin reserves as a hedge against inflation.

Bitcoin Sentiment Shifts as Meme Coin Hype Fades

Market analysts at Santiment indicate that investor sentiment is shifting away from meme coins and back toward Bitcoin and Layer-1 protocols. This transition signals a more sustainable and mature market cycle.

“Meme coins tend to attract speculative enthusiasm, but when traders pivot back to assets with strong utility, it suggests a healthier market,” Santiment noted.

BTC is now trading at $97,825, with a total market capitalization of nearly $2 trillion. If investor sentiment continues to favor Bitcoin and top Layer-1 protocols, analysts suggest a stronger and more stable crypto market environment ahead.

Key Takeaways

• Investors shifting from meme coins to Bitcoin signals market maturity.

• BTC trading at $97,825; market cap nearing $2 trillion.

• Layer-1 protocols remain a focal point for institutional adoption.

Ethereum Sees Largest Exchange Outflow in 23 Months

Ethereum has recorded its biggest exchange outflow in nearly two years, with 224,410 ETH leaving exchanges on Feb. 8-9. This movement signals growing investor confidence as holders opt for long-term storage over short-term liquidity.

Historically, large Ethereum outflows precede significant price rallies. However, ETH remains range-bound, struggling to break above key resistance levels. Analysts suggest a breakout above $2,800 could signal the next bull run, but until then, ETH will likely trade within its current channel.

Ethereum’s Next Move

• 224,410 ETH withdrawn from exchanges, hinting at investor confidence.

• A breakout above $2,800 could trigger a major rally.

• ETH still consolidating but remains bullish long term.