Demand for Bitcoin from large investors and permanent holders is on the rise. However, Bitcoin (BTC) has yet to see a major price rally since the growth in USDT’s market capitalization is slowing, according to CryptoQuant’s recent report.

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Semler Scientific continues to fill its coffers with bitcoins, having made a $17 million purchase and announcing that it is raising $150 million to buy more.

The May announcement of a $40 million bitcoin purchase sent the company's stock up 25%.

Publicly traded healthcare company Semler Scientific (SMLR), which has expanded its corporate strategy to include bitcoin (BTC) purchases, said it is buying $17 million more of the digital currency and is preparing to raise $150 million to buy more.

‘Semler remains focused on our two strategies: expanding our healthcare business and acquiring and storing bitcoins,’ said Doug Murphy-Hutorian, MD, CEO of Semler Scientific, in a press release. ‘The company now has 828 bitcoins, which underscores our view that bitcoin is an attractive investment and can serve as a reliable savings vehicle. We will continue to pursue our strategy of buying bitcoins for cash ‘.

Semler's 828 bitcoins were purchased for $57 million and are now worth $59 million, according to current market data from CoinDesk Indexes.

Collectively, the listed companies hold 308,442 BTC worth approximately $21.8 billion on their balance sheets, according to bitcointreasuries.net.

Semler's announcement in late May that it was buying $40 million worth of bitcoins sent its shares up 25 per cent.

SMLR closed the day down 2.5 per cent in US trading.

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The percentages on deposits as of June 6

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The open interest metric for bitcoin rose by $2 billion in 3 days. Traders are warned about a possible sharp change of trend.

Open interest - OI - for bitcoin has grown by $2 billion over 3 days. As of 6 June, the OI is $37 billion, according to CoinGlass. And that has observers worried.

"Open interest is the total number of contracts (futures and options, for example) that are outstanding. Their large volume has the potential to increase volatility, as traders hold multiple positions and can suddenly change their strategy.

At the time of writing, bitcoin is in a positive trend and its exchange rate has reached $71,000. But BitLab Academy believes that the high OI and premium for traders could lead to a sudden change in trends.

Anonymous trader Jelle admits that almost $2 billion worth of long positions will be ‘wiped out’ and the BTC exchange rate will roll back to $68,000.

BTC growth is also attributed to capital inflows into ETFs. According to data on US spot Bitcoin ETFs for 3 June, $886 million flowed into the instruments. This is the second best result since the launch of the ETF.

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The percentages on deposits as of June 5

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