FT: Bitcoin Still $70K Overpriced Amid Crushing Crypto Rout

Bitcoin's brutal slide to near $60,000 – its worst crash since 2022 – has vaporized all gains since President Trump's inauguration, yet the FT argues it's still wildly overvalued by about $70,000. This comes as the crypto market grapples with the "coldest winter yet," per recent analyses, with total cap down to $2.3T after peaking at $4T+ last fall.
The article slams Bitcoin's "digital gold" narrative, pointing to failed predictions of $1M highs and lack of real utility driving endless volatility. Despite ETF inflows turning to $3.5B outflows and institutional "winter," prices remain detached from fundamentals like adoption or cash flows.

Gold/silver crashes alongside S&P 500 and crypto signal macro fear, not just sector woes – Fed tightening and geopolitics fueling risk-off.No quick rebound without sentiment flip or regulatory wins like CLARITY Act.

Binance Square crew, if FT says BTC's inflated even at lows, time to rethink alts or stack for institutional thaw? Drop your valuation models below! #bitcoin #cryptocrash #ft #MarketAnalysis