TechFlow reports that on February 20, Thomas Strobel, strategist at Italy’s UniCredit Bank, stated that Bitcoin’s recent decline primarily reflects weak market sentiment and macroeconomic pressures. Although easing regulatory uncertainty in the U.S. has somewhat reduced policy-related risks, the bank maintains a neutral stance and estimates Bitcoin’s fair value at approximately $75,000. A drop of roughly 35% from this level—particularly if the price remains below $50,000—could signal a deeper structural shift. For Bitcoin to recover, improvements in market sentiment, a rebound in ETF inflows, and an overall improvement in liquidity conditions are required.
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