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- #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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QCP Capital: The LIBRA 'Rug Pull' scandal may suppress the AltCoin and Meme coin market, as the Options market is watching for policy changes
ChainCatcher news, QCP Capital's latest analysis indicates that as the market continues to trade Sideways, BTC's market dominance has risen to about 60%, nearing a four-year high, while ETH and other alternative coins continue to perform poorly. The analysis suggests that the recent scandal involving Argentine President Mile's LIBRA project 'Rug Pull' may impact similar projects' development and suppress AltCoin and Meme coin markets. The report emphasizes that despite the many uncertainties in the macro environment, the implied volatility of cryptocurrencies and VIX are still at low levels, indicating that the options market is waiting to see specific policy changes rather than just focusing on bullish remarks. Currently, most of the trading is concentrated on selling volatility or range trading in the near term, rather than betting on a major breakthrough in the market.