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GameStop announced plans to acquire $1.3 billion in Bitcoin reserves, and market traders are taking a cautious stance.
According to Gate.io News bot, reported by Greeklive, current market traders generally hold a cautious attitude. Most traders expect Bitcoin to fall back to the range of $84,000-$85,000, while some traders believe that the market is currently in a narrow fluctuation phase. There are a large number of passive sell orders at the price level of $88,400.
GameStop recently announced plans to acquire $1.3 billion in Bitcoin reserves. In response, some traders view it as a "meme investment," predicting that this move will only drive the price of Bitcoin up to $90,000, with an effect lower than factors such as BlackRock and Trump.
Traders point out that some poorly performing companies are shifting to "Bitcoin reserves" to alleviate financial pressure, and the number of "zombie companies" in the market is on the rise.