#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.
💬 Do you think Bitcoin will become a new norm for corporate asset allocation? How might this impact Bitcoin’s price? What’s your recent BTC trading strategy? Post to share your price predictions, market analysis, and strategies with us using the topic tag!
🎁 Meanwhile, Gate’s BTC Staking event is in full swing! Simply stake your BTC and earn up to 3% APY. Click the link to start staking and enjoy your earnings: https://ww
Near the new highs, a sideways movement is needed to digest the huge rise of nearly two weeks. BTC has already risen nearly 40% from the bottom, and ETH has surged nearly 85%. The rise has been a bit too fast and urgent, and many people simply couldn't enter a position in time. Meanwhile, the current sideways movement will wash out short-term speculative profitable positions while also facing pressure from the new highs, with market makers choosing to consolidate in a sideways manner.
BTC is currently in a sideways trend, which will give alts an opportunity. ETH's strength will not stop here; previously, when there was FUD around ETH, a large number of speculative big players were washed out. This time, its explosion has just begun. This round of market has lasted less than a month so far, and usually, a round of market starts lasts from 3 months to 6 months. There will be many opportunities to make money in the next two months, so don’t miss out. If you don’t make money when the market is good, you will end up losing money when the market is bad.