According to a recent institutional survey and analyst comments, 75% of surveyed institutions view Bitcoin as undervalued on May 18, with BTC spot trading below $77,000 after $1.26 billion in spot Bitcoin ETF outflows across five trading days—including a $630 million single-day redemption on May 13, the largest since January 29.
21Shares Chief Investment Officer Adrian Fritz has flagged $100,000 as a year-end target, while Standard Chartered’s Geoff Kendrick anchors the base case at $90,000–$100,000 once BTC clears $82,000 on a daily close, per CoinDesk. Current spot price: $76,999 with market cap near $1.52 trillion (CoinGecko, May 18).
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