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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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Analysis: Profit pullback may interrupt the BTC bull run, and the market could face a depth pullback.
Odaily News On-chain analysis platform CryptoQuant pointed out in its latest research report that profit-taking may lead to a disruption in the recent Bitcoin bull run, with certain demand indicators for Bitcoin potentially reaching short-term peaks. This suggests that the current rise will pause, while Whale accumulation is also slowing down, and prices may fall below $100,000. Trader Mags analyzed in a post on the X platform: "On the daily chart, BTC has fallen below previous historical highs and is facing rejection at the same level. If BTC closes below the horizontal support and resistance levels on the weekly chart, a deeper pullback may be seen." (Cointelegraph)