#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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In the early hours, Trump announced a 25% tariff on the European Union, causing a direct reversal of the trend in the U.S. stock market, and BTC Long Wick Candle fell to around 82000. Yesterday, there was a large outflow of ETFs. The net outflow of BTC is close to $1 billion. Currently, as long as the BTC daily candlestick support at 83500 is not broken, it does not constitute a risk of breaking 80000. If it breaks with a solid fall, there is an 80% chance of breaking 80000. If the weekly chart reclaims above 89000, it will enter a period of sideways consolidation and grinding. There will be no risk of breaking 80000 in the short term, and it will be difficult to see the possibility of breaking a new high in the short term. If it enters a period of sideways consolidation, the longest adjustment period will be 4 months.
ETH is currently very strong, and according to the market fluctuations, it is also following the trend. It has not fallen with BTC's synchronized volume. Ethereum is currently in the stage of changing hands and absorbing chips. With the upcoming halving in April and the staking expectations, double good news is coming. When BTCSideways enters the garbage time, Ethereum can take off. Don't say that if BTC falls, Ethereum can't pull up. BTC has always been sucking blood, and the altcoins are only half dead. Altcoins have a chance to take off only when BTC cools down. Moreover, Ethereum still has good news on its side.
Shanzhai Market Analysis:
Some strong coins have confirmed the bottom and started a slow rise. Some coins have already risen for two or three days, while some others that have not started rising are still confirming the bottom. After confirming the bottom, they will start to rise. The manipulation of small coins can't hold back anymore, they haven't made money for too long. However, for small coins, it's enough to earn a little profit, as the whales want to keep people.
#BTC# #ETH#