Bitcoin trades at ‘40% discount’ as spot BTC ETF buying soars to $3B in one week
Bitcoin (BTC) is trading at a 40% discount to its intrinsic value, estimated at $130,000 post-April 2024 halving. Over 8,756 BTC ($830 million) were withdrawn from Coinbase on April 24, indicating potential institutional buying or ETF-related demand. Institutions reportedly engaged in a $3 billion Bitcoin buying spree recently. Binance experienced significant outflows of 27,750 BTC on April 25, marking the third-largest outflow in its history. While large outflows suggest bullish trends, they do not guarantee continued price increases. Bitcoin's weekly performance shows its highest return in 2025, with an 11% rise from April 21-25. A potential price jump of 7-10% could push BTC above $100,000, but overhead resistance at $96,100 may hinder this breakout.
