Bitcoin’s Price Dip Sparks Debate: Is it Undervalued Amidst Heavy Outflows from ETFs?

Following a recent decline that has sent Bitcoin below its all-time highs, some investors are questioning whether the market has entered oversold territory. Notably, outflows from exchange-traded funds (ETFs) have been significant in recent months, with the sharpest increase observed since April, when Bitcoin traded near $79,600. 2023’s price slump coincides with these withdrawals, prompting discussions on whether Bitcoin’s current valuation is too low.