#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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Currently, my asset allocation situation shows that Ethereum ( ETH ) has exhibited a significant downward trend for two consecutive trading days, and there is an Indicator Divergence phenomenon appearing on the daily chart, which usually indicates that the longer forces are weakening.
At the same time, the daily chart RSI indicator of Bitcoin ( BTC ) has fallen from above 70 back below the moving average, and a divergence signal has also appeared, indicating that the upward momentum may be nearing exhaustion.
From a macro perspective, the market is gradually forming a top structure that is moving downward, and bearish forces seem to be spreading and strengthening.
In the short term, these two mainstream cryptocurrencies may experience a technical rebound, but are likely to continue downward afterwards. It is worth noting that this process is expected to unfold gradually over the next few days, rather than being an immediate event.
Investors are advised to prepare corresponding risk management measures in advance and adjust market expectations.