#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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Long-term holders sell at a record low, Bitcoin may welcome a 25% pump.
On June 18, data analyst Axel Adler Jr stated, "If we observe the entire long-term holder group, their current selling operations are close to the lowest level. Essentially, the selling operations of long-term holders have reached the current minimum point, which corresponds exactly to a classic accumulation phase. In the previous four similar cases, three of these long-term holder behaviors led to a rise in the Bitcoin price of 18% to 25% within the next 6 to 8 weeks."
The current sluggish state of the long-term holder binary indicator is supported by the positive on-chain holding days momentum and MVRV Z-score value, which further enhances the possibility of Bitcoin's continued pump.
Indicator Explanation: MVRV Z-score value of 0 indicates neutral valuation, ±1 represents extreme levels.