Bitcoin is trading well below its fair value implied by ETF flows. At around $108K, Bitcoin sits roughly 10% under the model’s expected price of $120K. That’s a strong deviation which points to sentiment, not structural weakness, driving the pullback. That leaves plenty of

The Nasdaq 100 is rising again, signalling a broader return of risk-on appetite. If this trend holds, ETF inflows should follow and Bitcoin’s price will likely catch up quickly to its fair-value trajectory. Follow @ecoinometrics for more data-driven insights on Bitcoin and