Recently, BTC ETFs have seen a net inflow of funds for 8 consecutive days, marking the longest streak since the beginning of this year! The buying pressure in the market is unprecedented!
Meanwhile, according to #BitwiseETF data, BTC ETFs have absorbed 18,991 BTC over the past 5 trading days, which is 9 times the new supply during the same period!
MSTR's stock price rebounded from a low of $104 to a recent high of $183, representing a 75.9% increase. During the same period, BTC has rebounded from $60,000 to $79,472, a rise of only 32.4%.
Personally, I believe BTC is currently undervalued, and a return to $90,000 would be a fair value correction.
What do you all think?
Meanwhile, according to #BitwiseETF data, BTC ETFs have absorbed 18,991 BTC over the past 5 trading days, which is 9 times the new supply during the same period!
MSTR's stock price rebounded from a low of $104 to a recent high of $183, representing a 75.9% increase. During the same period, BTC has rebounded from $60,000 to $79,472, a rise of only 32.4%.
Personally, I believe BTC is currently undervalued, and a return to $90,000 would be a fair value correction.
What do you all think?
