#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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BTC has been hovering around 96000 for nearly half a month,
The trading volume on the platform has shrunk to the extreme,
This situation is quite similar to around January 11th.
The market's greed and fear index is 47, neutral, but revealing panic.
Most investors are feeling confused about the future,
The once lively cryptocurrency circle gatherings are now difficult to convene,
Even in some groups, the topic has shifted away from cryptocurrency to color content.
Does this herald the approach of the market bottom?
Looking back on the plunge in early February, first the giants quietly bought the bottom,
Transfer a large amount of BTC from the trading platform,
Subsequently, many investors were eager to stop loss, causing over 10,000 BTC to flood into the trading platform,
This period can be defined as:
Panic selling phase after the crash,
It is expected to take about a month to complete the change of chips,
Thus, prepare for the next round of upward momentum.
This week, global economic data has been relatively quiet,
But the turmoil caused by Trump's tariff policy has panicked global financial markets.
The current cryptocurrency market is particularly sensitive,
Any wind and grass may trigger a new round of decline,
Before the next big rise,
Will BTC fall below the $92,000 mark again? Yes!
Friends who participate in contract trading, please be sure to set a stop loss point.
The current market sentiment is bearish, and patience is the best strategy,
#BTC# #ETH#