UniCredit: BTC recovery requires support from market sentiment and ETF inflows; falling below $50,000 may face structural changes

Italian bank UniCredit's strategist Thomas Strobel stated that the recent decline in Bitcoin primarily reflects weak market sentiment and macro pressures. Although the easing of regulatory uncertainty in the U.S. has somewhat reduced policy risks, the bank maintains a neutral stance, estimating Bitcoin's fair value at around $75,000. If the price falls about 35% below this level, particularly if it remains below $50,000, it may indicate a deeper structural shift.

For Bitcoin prices to recover, they will need to rely on improved market sentiment, a rebound in ETF inflows, and an overall better liquidity environment.