Call say Bitcoin (BTC) dey undervalued jam wit ETF money comot and CLARITY Act timing

Grayscale Research talk say Bitcoin (BTC) fit dey undervalued after price drop small under $60,000 and hit new cycle low. Dem use composite on-chain valuation indicator (three weighted measures) and dey argue say this bear-market phase dey look “less extreme” than previous bottoms, especially compared to after FTX selloff. Grayscale link the shallower drawdown to wider crypto access nowadays, including more exchange-traded product coverage and deeper institutional and wealth-management integration. For near-term timing, dem point two catalysts: progress for US Senate CLARITY Act and whether leveraged Bitcoin holders fit stabilize their balance sheets. Other market signals still dey make person cautious. Fidelity Digital Assets note say Bitcoin (BTC) don dey for “death cross” for over 200 days and briefly drop below the 200-week moving average—this one historically dey link to forced selling (e.g., 2022). Swissblock add say their Bitcoin Risk Index plus spot BTC ETF net flows dey help gauge stabilization; the risk index usually drop as selling pressure ease and ETF accumulation return, but high levels still mean structural “capitulation risk.” For traders, e be mixed setup: Bitcoin (BTC) fit get long-term DCA appeal, while weak ETF flows and technical/positioning signals fit keep price swings high until regulatory and demand metrics improve.