Is Bitcoin on Sale? 40% Discount Sparks Buying Frenzy!

Bitcoin, often hailed as digital gold, is currently trading at a staggering 40% discount relative to its intrinsic value. This has sparked a massive buying surge, with institutions reportedly pouring in $3 billion in just a week into spot Bitcoin ETFs. The recent data shows significant Bitcoin withdrawals from major exchanges like Coinbase and Binance, hinting at underlying demand from institutional investors. Despite historical instances where such outflows didn’t prevent downturns, the current market suggests potential bullish momentum. Will Bitcoin's price soar above $100k? Only time will tell!