Based on recent data, Bitcoin is currently trading at a 40% discount to its intrinsic value. This sharp increase in the purchase of spot BTC ETFs suggests that institutional investors are likely seeing the same opportunity and are taking advantage of it.

What We Need to Know About Bitcoin's Discount

• Bitcoin is currently trading at a 40% lower price than its intrinsic value.
• On April 25, over 36,000 Bitcoins were withdrawn from Coinbase and Binance exchanges.
• The fractal pattern of Bitcoin from Q4 2024 could drive the price above $100,000 in April.

Bitcoin's Intrinsic Value and Market Price

According to Charles Edwards, founder of Capriole Investments, Bitcoin is currently trading at a 40% lower price than its intrinsic value. Edwards emphasized in a recent post on X that since the April 2024 halving, which reduced block rewards to 3.125 BTC, Bitcoin's energy value — an estimate based on mining costs and energy consumption — is currently around $130,000.

Signs of Institutional Buying in the Bitcoin Market

Recent data from CryptoQuant shows that on April 24, over 8,756 BTC (around $830 million) were withdrawn from Coinbase. This likely indicates institutional buying or ETF-related purchases, reflecting underlying demand.

This aligns with the recent inflows into spot Bitcoin ETFs, with Bloomberg ETF analyst Eric Balchunas suggesting that institutions have gone on a $3 billion "Bitcoin bender" in the past few days.

Exchange Sees Major Bitcoin Outflows

Additionally, one of the largest exchanges saw an outflow of 27,750 BTC on April 25. Joao Wedson, founder of Alphractal, noted that this is the third-largest Bitcoin outflow in the exchange's history. While large outflows and positive price movements indicate bullish momentum, Wedson cautioned that this doesn't necessarily mean the rally will continue. For example, in 2021, massive outflows and the subsequent price drop due to China's crypto ban didn't prevent further declines.

Could Bitcoin Surpass $100,000 in April?

Bitcoin's Highest Increase in 2025 and Positive Market Movements Bitcoin's performance over the past week marks the highest increase in 2025 and the largest rise since November 2024. The price pattern shows notable similarities to movements from that period.

The 1-day chart shows that Bitcoin is currently consolidating at a higher level after its breakout, similar to the situation in Q4 2024. In November 2024, the price of Bitcoin rose by 13% from November 5-9 and by another 15% from November 10-11. This also happened over the weekend.

Positive Buying Pressure and Potential Price Surge

Similarly, the price of BTC rose by 11% between April 21-25. With the relative strength index (RSI) showing similar buying pressure, a further 7-10% increase in the coming days could push Bitcoin above $100,000.

Fractal Patterns and Market Resistance

While fractal patterns can repeat, they are not always fully reliable. Unlike Q4 2024, when Bitcoin surged without resistance during price discovery, the current overhead resistance at $96,100 could impede a breakout.

At our core, we focus on providing a reliable and safe experience in the crypto markets. We continue to closely monitor the markets to keep you updated with the most current information, without offering financial advice.

Disclaimer: This is not financial advice. Always consider doing your own research and seeking professional advice.