Bitcoin Could Be Trading Below Fair Value, According To Most Crypto Investors

Survey and on-chain metrics suggest Bitcoin may be trading below fair value, supporting a bullish market case. A Coinbase Institutional Research/Glassnode poll found a large majority of respondents now view the market as a late bear/markdown phase (82% of institutions; 70% non-institutions) and most consider BTC undervalued (≈75% institutions; 61% non-institutions). On-chain data — including a fall in the one-week to one-month UTXO age band to 3.91% and the BCMI rising from 0.26 to 0.37 — echoes that view, implying reduced downside and a “value-accumulation” zone. BTC is quoted around $76,589 in the article. Historical patterns suggest similar signals have preceded cycle lows within three to six months, which may prompt accumulation and influence short-to-medium-term trading activity.