Fidelity: ”Bitcoin remains undervalued”... ”nearly flat” at $94,000

Demand for virtual currency investment has decreased slightly compared to the previous day, and the price of Bitcoin (BTC) is in a weak consolidation trend. As of 10:10 a.m. on the 30th, the price of Bitcoin in South Korea based on BitTorrent was 0.
At the same time, the overseas Bitcoin price on CoinMarketCap fell 0.84% from the same time the previous day to 136.22 million won (approximately 13.56 million yen).
The crypto asset investment, which had changed from "neutral" to "greedy" the previous day, decreased slightly on this day.
According to Alternative.me, the Crypto Greed Fear Index is at 56, down 4 points from the previous day, but greed remains strong. The index is scaled on a 0 to 100 scale.
It is a numerical index of virtual asset investment demand, and the closer it is to 100, the greater the demand. Meanwhile, the Fidelity report states that Bitcoin is still in the low valuation range.
Fidelity recently released a digital assets report, noting that “Bitcoin has entered the ‘optimistic zone.’”
The reason is that "long-term Bitcoin holders will reduce their holdings.
"The dollar has recently been weak, creating an environment favorable for risk assets like Bitcoin," he explained. However, Bitcoin prices have soared.
He warned that a steeper fall could follow after that.