#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
A bearish phase is looming in the crypto market - CryptoQuant analysts
CryptoQuant analysts warn of a possible start of a bearish trend in the cryptocurrency market, referring to the Inter-Exchange Flow Pulse (IFP) indicator, which tracks the movement of bitcoins between spot and derivative exchanges.
According to their observations, active movement of bitcoins to derivative platforms usually indicates a growing market, as traders use these funds to open long positions. However, the current situation may indicate a reversal, reinforcing concerns about a potential decline in cryptocurrency prices.
"When Bitcoin begins to move from derivative exchanges to spot ones, it signals the start of a bearish period. This usually happens when long positions are closed, and large investors (whales) reduce their risk exposure," CryptoQuant analysts noted.
Analysts have identified a bearish signal of the indicator on February 17, 2025, indicating a decline in market interest and potentially marking the beginning of a downward phase, experts noted.