#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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Dead whales foster ocean of life.
This sentence is something many people have probably heard.
Regarding the current market trend of altcoins,
Since this round, many people have gone from doubt to resignation:
The pancake has decoupled from the shanzhai.
In fact, I also think so.
I personally have a bold idea here,
Since the rise of Bitcoin can no longer drive altcoins,
So is it possible that after the sharp drop of Bitcoin,
When is it really the time for altcoins to rise?
This idea is also based on certain logical grounds.
1. The sustained market trend of this round of big pie is essentially driven by off-site activities.
With the sale of ETFs by international institutions like BlackRock,
A lot of funds that were supposed to flow into the market were directly intercepted outside.
According to past rhythms,
After the funds entering the market profit from the big pie and sell out,
Will choose the on-site shanzhai for a round of "stimulating consumption".
But now you see, funds have bought the institutional ETFs off the market,
Institutions bought Bitcoin on the spot market and just left it there.
2. It is also because of the continuous trend of Bitcoin that funds in the market are following suit.
Some traditional whales and institutions in the cryptocurrency circle,
In this round, it is highly likely that it has already given up on laying out shanzhai.
Similarly,投向大饼 in the market, following the ETF to enjoy the benefits.
This is also one of the reasons for the continued sluggishness of altcoins.
3. Retail investors are also gradually giving up on altcoins.
With the fast pace of on-chain memes and high multiples,
The new players who have entered this round and the original secondary players,
Many have switched to meme coins on public chains like Sol, BSC, and ETH.
It's all about running fast.
4. There's also a bunch of logical analysis, such as the international economic environment and so on,
I won't go into details here.
Back to the point, that is:
Only after the big cake crashes will altcoins welcome a real market.
Yes, since traditional large holders and institutional investors in the market,
Choose to follow the big brother off the exchange to buy and hold Bitcoin, enjoy the soup and eat the meat.
In what circumstances,
When will these people's funds flow out from the pie?
That's right, it's a decline, and a sharp one at that.
Or perhaps the downturn lasts long enough to wear people down!
At this time, attention will really be shifted away from the big pie.
Large amounts of capital will gradually flow out from Bitcoin.
Then at this time re-enter the shanzhai.
Go show off their skills and sit in the booth.
And when that time comes, the price of altcoins,
Absolutely cheap, no need to attract funds.
A direct bullish candle suggests that the chips are probably sufficient.
So, for the holders of altcoins,
Since expecting the rise of Bitcoin does not bring about the rotation of altcoin markets,
Then why not boldly sing the praises of the big pie.
This time, perhaps the drop of Bitcoin will bring opportunities for altcoins?
Dead whales foster ocean of life, does the pancake fall while the shanzhai rises?
Regardless of whether one agrees with the viewpoint, this viewpoint is merely a hypothesis,
Just treat it as entertainment.
Let's stop here.