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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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Gave a date for Bitcoin: First record, then profit taking
Axel Adler Jr., an analyst from the crypto-focused data analysis platform CryptoQuant, stated that the Net Unrealized Profit/Loss ratio of those holding Bitcoin in the short-term is currently at 27%.
The analyst stated that when the NUPL ratio exceeds 40% according to historical data, the investors in question generally tend to take profits, which in turn creates downward pressure on the price.
According to the current daily increase rate of 0.82%, it is predicted that the 40% threshold will be exceeded on June 11. Adler stated that BTC could rise to the level of 162 thousand dollars by that date, after which a wave of selling would begin.
At the time the news was written, BTC is trading at a level of 109,804 dollars.
Published: May 26, 2025 13:52