BREAKING
424d 6h ago

JPMorgan Highlights Bitcoin Hoarding Trend Among Miners and Corporations Amid Profit Pressures

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3

On December 13, COINOTAG reported insights from JPMorgan indicating that MicroStrategy is not the sole corporate entity actively investing in Bitcoin. The report highlights that **crypto mining companies** are increasingly embracing a **hoarding strategy** in response to evolving market conditions. This trend arises from mounting profit pressures, largely attributable to the imminent **Bitcoin halving** scheduled for April, coupled with a rising **network hash rate**. Analysts, led by Nikolaos Panigirtzoglou, assert, “This scenario may incentivize miners to accumulate Bitcoin, explore additional investments in the asset, or pivot towards **artificial intelligence** and **high-performance computing** ventures.” Notably, firms such as **MARA Holdings** have begun implementing strategies akin to those of MicroStrategy, reflecting a significant strategic adaptation amidst these market challenges. This shift could have lasting implications for the cryptocurrency landscape as companies realign their investment strategies.

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