#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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Analysis: The downward trend of Ethereum has not ended, and the leverage level remains high.
PANews June 23 news, according to Matrixport analysis, although Bitcoin is attempting a rebound, seasonal patterns indicate a lower likelihood of sustained breakthroughs. To maintain technical validity, Bitcoin needs to stay above $105,000. However, greater concerns lie with Ethereum, where margin traders have driven up prices without fundamental support. Currently, Ethereum's price is mainly driven by futures holdings, which makes it susceptible to further declines. In the past few days, Ethereum has experienced significant falls, and the leverage levels remain high, increasing the potential risk of price pressure.