Tesla Holds 11,509 BTC Despite $112M Impairment Loss: Bitcoin Price Analysis

Tesla has kept its Bitcoin holdings steady at 11,509 BTC during the second quarter, even after recording a $112 million impairment loss on its digital asset portfolio. The electric vehicle maker's decision to hold rather than sell signals a long-term conviction that could influence market sentiment. From a technical perspective, Bitcoin's price action remains range-bound, with key support near $29,000 and resistance around $31,500. Institutional holders like Tesla continue to play a pivotal role in shaping the narrative around Bitcoin as a store of value, despite short-term accounting losses.