PANews reported on February 21 that Thomas Strobel, a strategist at UniCredit, stated that the recent decline in Bitcoin primarily reflects weak market sentiment and macroeconomic pressures. While easing US regulatory uncertainty has somewhat reduced policy risks, the bank maintains a neutral stance, estimating Bitcoin's fair value at approximately $75,000. A price drop of about 35% from that level, especially if it remains below $50,000, could signal a deeper structural shift. A recovery in Bitcoin's price would depend on improved sentiment, a rebound in ETF inflows, and an overall improvement in liquidity.
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