Bitcoin trades at ‘40% discount’ as spot BTC ETF buying soars to $3B in one week

Data shows Bitcoin price is 40% undervalued, and the sharp uptick in spot BTC ETF purchasing suggests that institutional investors agree.

Key takeaways:

Data suggests that Bitcoin currently trades at a 40% discount.

Over 36,000 Bitcoin were withdrawn from Coinbase and Binance on April 25.

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