Yesterday Bitcoin experienced two waves of declines, from a maximum of about $71,500 to a minimum of $66,000, since March 20, the two moving averages of MA50 and MA200 have become very close, and yesterday did not touch the MA200 moving average, which is at $67,400. The short-term speculative leverage in the Bitcoin futures market has basically been cleaned up, especially in response to the two short-term declines of Bitcoin bulls, which have suffered large losses and made those who were previously actively building long positions cautious.

‍ #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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📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617