Jurrien Timmer of Fidelity Investments believes that Bitcoin is no longer overpriced after the recent correction. He uses the internet S-curve and the wallet power curve to determine the fair value of Bitcoin, and currently, it appears to be in the middle of the path, suggesting it is neither overpriced nor underpriced. Timmer attributes the recent correction to "tourists" who jumped on the Bitcoin train in late 2024. The price of Bitcoin dropped to an intraday low of $81,688 but has recovered slightly and is currently trading at $85,369. Over $1 billion worth of crypto longs and shorts have been liquidated in the past 24 hours.



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