Coinbase: 75% Institutions View Bitcoin Undervalued
SkimNews Take
Investor conviction in Bitcoin's undervaluation persists despite geopolitical and regulatory headwinds, suggesting a market that has largely priced in such external pressures.
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- Coinbase survey shows 75% of institutions and 61% of non‑institutions view Bitcoin as undervalued, with only a small share calling it overpriced.
- Bitcoin dominance expectations shift, with institutions expecting its share to rise dropping from 40% to 25%, while 54% anticipate it staying near 58.1%.
- Woominkyu's Bitcoin Combined Market Index rose to 0.37 from 0.26, a level historically tied to deep undervaluation, signalling a “Value‑Accumulation Zone.”
- CryptoQuant data shows the realized‑cap UTXO age band for 1‑week‑to‑1‑month holders fell to 3.91%, matching October 2023 levels when Bitcoin was near $27k, indicating low short‑term liquidity.
- Robinhood leads a crypto‑stock rally as investors ignore broader geopolitical risk.
- Trump rejects Iran’s plan, yet Bitcoin’s undervaluation sentiment persists, highlighting a disconnect between policy and market perception.
- Iran's closure of the Strait of Hormuz has pressured Bitcoin’s price to $76,000, but the prevailing undervaluation view suggests investors may be positioning for upside.
Why it matters: Institutional investors could capture upside as Bitcoin’s $76,000 price, seen as undervalued, may rally, driving up crypto‑exchange revenues and reinforcing market liquidity, and could spur further institutional inflows, tightening spreads on major exchanges.
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