#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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The Analysis Company Shares New Price Prediction for Bitcoin: "It Could Reverse in the Short Term"
The cryptocurrency analysis company Alphractal has released a new analysis on the Stablecoin Ratio Channel, an important indicator that follows liquidity fluctuations in the market. The company notes that in the short term, risk signals for Bitcoin (BTC) are beginning to appear, but the long term outlook remains highly uncertain. According to Alphractal, the Stablecoin Ratio Channel (Short term) is currently showing increasing selling pressure on Bitcoin. This coincides with strong resistance levels in the range of $113,000-$114,000, highlighted in previous analysis. The company notes that these levels could trigger a rotation from BTC to stablecoin. On the contrary, the Stablecoin Ratio Channel ( long term ) has only just reached the midpoint of its cycle. In previous market cycles, this average has paved the way for healthy corrections in bull markets and selling pressure in bear markets. Alphractal explains how this data works: When this ratio is low, it means there is a surplus of stablecoins in the market, often a positive signal for accumulating BTC. When the ratio reaches a high level, selling pressure will increase to convert BTC back into stablecoins.