#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
Odaily Planet Daily News CoinGlass data shows that as of the time of publication, $58,018 is the level at which BTC attracts the most liquidity, and its price is eroding the buying support level below $57,000.
In addition, from July 4th to 5th, the total amount of BTC longs that got liquidated exceeded $220 million. After the weekend, some shorts positions were closed when BTC reached a local high of $58,500, as noted by trader Daan Crypto Trades.
Some analysts also see encouraging signals from the relative strength index (RSI) of BTC in the daily time frame, including bullish divergences. Analyst Wolf wrote in a post: 'My initial bearish target was $52,000, but it seems that the bulls may be one step ahead of me. The daily RSI indicator shows a clear bullish divergence, and the expanding wedge pattern further increases investors' interest.' (Cointelegraph)