#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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Market bearish sentiment is strong: traders are positioning for BTC to fall to $105,000 to build a bottom.
[Chain News] On June 19, according to the daily briefing from the data platform's English community, influenced by Powell's FOMC announcement, the market's short-term bearish sentiment is strong. Traders are positioning for a downward trend through July put options, while maintaining a positive delta for the fourth quarter. It is anticipated that the current downward trend of BTC will form a bottom near $105,000.
In addition, the tensions in the Middle East are viewed as a major market driver in the recent past, with some traders going long on put options before a potential U.S. intervention in the Iran situation. The briefing also mentioned that after Powell's term ends, Trump's influence on Federal Reserve policy is limited, and the market expects that the period of unchanged interest rates may be longer than anticipated.