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- #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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After this wave of decline, CME's gap has been almost filled, although still more than $100 short. In addition, the low liquidity area formed by the rapid pump of BTC after Trump's election (in the range of $76,000 to $86,000), recent trading activities have also filled this gap. After the CME gap is filled, the BTC price starts to Rebound, although it is uncertain whether it will fall again, but the 50-week moving average is around $75,000. In the mid-2021 crash and the choppy market in 2024, the 50-week moving average has not been completely breached, which can be seen as one of the proofs that the BTC Bull Market is still intact.
The 365-day moving average of BTC is currently $74200, and BTC has not yet touched this range. Therefore, $78000 may not be the bottom, but it is very close to the short-term bottom range, especially after the CME gap is filled, more buyers start to intervene. #BTC# #ETH# #GT#