#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
Why is the Bitcoin Price Lifeless? Analyst Explains the Factor that Will Ignite a Big Rally in BTC and Trigger FOMO!
Bitcoin has been trading in a narrow range between $95,000 and $99,000 for weeks, causing investors to wonder when the next major rally will come.
Despite the continuous positive news flow, market sentiment remains lukewarm and Bitcoin continues to struggle to regain its highest levels of December.
Bitcoin first surpassed the long-awaited $100,000 limit on December 5 and partially reached a peak of $108,000 on December 17, partly due to President Trump's re-election. However, price movements have been sluggish since that date.
In her newsletter 'Crypto Is Macro Now', Analyst Noelle Acheson characterized the market sentiment as 'dispirited', pointing to potential factors holding back Bitcoin. These range from the trauma left by the 2022 crash to the distracting effects of memecoins and the Strategic Bitcoin Reserve, and to the perceived slowdown in cryptocurrency innovation. However, Acheson argues that much of this stagnation may stem from investor impatience.
According to Acheson, the key catalyst for Bitcoin's next move will be major new entrants. While institutional investors have made moves into Bitcoin, the broader institutional market largely remains on the sidelines. The launch of new Bitcoin ETFs could change this and potentially unlock significant capital inflows.
In addition, Acheson also predicts that with institutional investors starting to move the market, individual investors will also come into play, triggering a classic FOMO-driven rally. Regulatory transparency and positive policy changes can further increase momentum.