BREAKING
468d 13h ago

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

BTC

BTC/USDT

$70,030.75
-1.56%
24h Volume

$20,935,947,355.57

24h H/L

$72,026.09 / $69,855.73

Change: $2,170.36 (3.11%)

Long/Short
69.8%
Long: 69.8%Short: 30.3%
Funding Rate

+0.0034%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$68,847.32

-3.49%

Volume (24h): -

Resistance Levels
Resistance 3$72,762.87
Resistance 2$70,783.20
Resistance 1$68,918.22
Price$68,847.32
Support 1$67,440.97
Support 2$65,618.49
Support 3$62,909.86
Pivot (PP):$69,479.05
Trend:Downtrend
RSI (14):46.2

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.

Share News:
Don't Miss Breaking News