Bitcoin (BTC) is showing signs of a potential turnaround despite recent volatility, as key on-chain indicators and institutional flows point to improving sentiment. The Mayer Multiple remains below 1, hinting at undervaluation.
Meanwhile, institutional confidence appears to be returning, with BlackRock’s recent 2,660 BTC purchase marking the largest inflow into its Bitcoin ETF in six weeks. As the market stabilizes and adapts to macroeconomic pressures, Bitcoin’s path to new highs is beginning to take shape
source: https://beincrypto.com/when-will-bitcoin-btc-reach-new-all-time-high/