Tether adviser Gabor Gurbacs believes bitcoin is « massively undervalued » in the $64,000-$65,000 range. Spot bitcoin ETFs recorded net inflows of $226.92 million on July 20, with daily purchases ranging from $79 million to $181 million the previous week, bringing total assets under management to $79.16 billion. The market structure has fundamentally changed since the 2021 all-time high, with spot ETFs, interbank gateways for institutional investors, and clearer regulatory frameworks transforming this price zone into a comfortable accumulation zone for institutional players.
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