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Bitcoin Trading at 40% Discount per This BTC Indicator: Details
The recent surge in the price of Bitcoin (BTC) has led to a significant increase in demand for the cryptocurrency. The U.S. spot Bitcoin ETFs saw an influx of $1.54 billion in net inflows, one of the largest daily inflows since their launch. This rise in demand could be a strong signal that investor interest is beginning to recover.
According to recent data, it seems that investors are taking advantage of this situation to accumulate more Bitcoin at lower prices. In fact, the cryptocurrency has been trading at a 40% discount compared to a certain indicator.
As of press time, Bitcoin was up 1.88% in the last 24 hours to $94,266, having reached its highest level since March 3 and increased by 11% weekly. The recent rally is being fueled by this surge in demand, which could be a sign that the market is turning around.
It’s important to note that every investment and all trading involves risk. U.Today does not recommend investing money you cannot afford to lose.
Source: https://u.today/bitcoin-trading-at-40-discount-per-this-btc-indicator-details
