Bitcoin's Fundamentals Look Good, But Here's Why It (Currently) Doesn't Matter

Benzinga_recent_news12-17 02:14

According to Capriole Investments founder Charles Edwards, Bitcoin (CRYPTO: BTC) looks fundamentally undervalued—yet price action tells a more complicated story. What Happened: Bitcoin is being pulled...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2592907931?lang=en_US&edition=fundamental","thumbnail":"https://cdn.benzinga.com/files/images/story/2025/12/16/Bitcoin--A-Heap-Of-Golden-Bitcoins-With-.jpeg?optimize=medium&dpr=2&auto=webp&width=240","is_english":true,"pubTime":"2025-12-17 02:14","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2592907931","market":"sh","top_or_hot":-1,"title":"Bitcoin's Fundamentals Look Good, But Here's Why It (Currently) Doesn't Matter","media":"Benzinga_recent_news","content":"<div>\n<p>According to Capriole Investments founder Charles Edwards, Bitcoin (CRYPTO: BTC) looks fundamentally undervalued—yet price action tells a more complicated story.\nWhat Happened: Bitcoin is being pulled...</p>\n\n<a href=\"https://www.benzinga.com/crypto/cryptocurrency/25/12/49430308/bitcoins-fundamentals-look-good-but-heres-why-it-currently-doesnt-matter\">Source Link</a>\n\n</div>\n","source":"benzinga_recent_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin's Fundamentals Look Good, But Here's Why It (Currently) Doesn't Matter</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin's Fundamentals Look Good, But Here's Why It (Currently) Doesn't Matter\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-12-17 02:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/crypto/cryptocurrency/25/12/49430308/bitcoins-fundamentals-look-good-but-heres-why-it-currently-doesnt-matter><strong>Benzinga_recent_news</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>According to Capriole Investments founder Charles Edwards, Bitcoin (CRYPTO: BTC) looks fundamentally undervalued—yet price action tells a more complicated story.\nWhat Happened: Bitcoin is being pulled...</p>\n\n<a href=\"https://www.benzinga.com/crypto/cryptocurrency/25/12/49430308/bitcoins-fundamentals-look-good-but-heres-why-it-currently-doesnt-matter\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STRK","symbol_name":"MICROSTRATEGY 8.00% SERIES A PERPETUAL STRIKE PFD","start_time":0,"source_url":"https://www.benzinga.com/crypto/cryptocurrency/25/12/49430308/bitcoins-fundamentals-look-good-but-heres-why-it-currently-doesnt-matter","article_id":"2592907931","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2025/12/16/Bitcoin--A-Heap-Of-Golden-Bitcoins-With-.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/crypto/cryptocurrency/25/12/49430308/bitcoins-fundamentals-look-good-but-heres-why-it-currently-doesnt-matter","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2592907931","pubTimestamp":1765908840,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"According to Capriole Investments founder Charles Edwards, Bitcoin (CRYPTO: BTC) looks fundamentally undervalued—yet price action tells a","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"83042":"华夏比特币-R","STRK":"MICROSTRATEGY 8.00% SERIES A PERPETUAL STRIKE PFD","BK4596":"哈里斯概念","BK4594":"比特币ETF概念","BK4595":"比特币概念","BK4600":"加密货币概念","BK4588":"碎股","BK4516":"特朗普概念","BK4585":"ETF&股票定投概念","BK4023":"应用软件","BK1611":"加密货币现货ETF","BK4601":"加密货币现货ETF"},"translate_title":"比特币的基本面看起来不错，但这就是为什么它（目前）并不重要","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"83042":0.6,"STRK":0.6},"content_text":"According to Capriole Investments founder Charles Edwards, Bitcoin (CRYPTO: BTC) looks fundamentally undervalued—yet price action tells a more complicated story.\nWhat Happened: Bitcoin is being pulled in two opposite directions. \nInstitutional and corporate demand, particularly through Coinbase, is near record highs, Edwards explained. \nAt the same time, long-term holders (\"OG\" whales) are aggressively selling into that strength, capping upside momentum.\nOn-chain valuation models suggest BTC is trading well below its fair value based on network security and usage. \nYet despite strong fundamentals, price remains stuck. \nCorporate Bitcoin treasury stocks are trading at deep discounts to NAV, leverage is rising, and the once-powerful corporate accumulation flywheel appears to have stalled.\nEdwards describes the setup as value-attractive but momentum-defensive — bullish long term but constrained in the near term until selling pressure eases.\nCrypto analyst Ali Martinez summed it up bluntly: \"Bear market. The 4-year cycle is back.\"\nAlso Read: Bitcoin’s Decline Is Bear Market Evidence, Not A Dip: 10x Research\nWhy It Matters: CryptoQuant data shows long-term holders are distributing at one of the largest 30-day rates seen in the past five years, behavior typically associated with late-cycle tops, not bottoms. \nKey signals include:\nThis points to de-risking, not fresh long-term accumulation.\nStill, the institutional story continues to grow. \nPublic companies now hold over 1.076 million BTC, just 20,000 shy of Satoshi's estimated holdings, crypto trader Rand noted. \nStrategy (NASDAQ:MSTR) alone claims its treasury represents 3.2% of all Bitcoin that will ever exist as it continues to acquire BTC since Q3 2020.\nMeanwhile, Eric Trump noted that American Bitcoin (NASDAQ:ABTC) has climbed to the 20th-largest public Bitcoin treasury company in just 39 days.\nRead Next:\nImage: Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2592907931","isCrawlerRequest":true}