Bitcoin’s Fundamentals Look Good, But Here’s Why It (Currently) Doesn’t Matter
Posted On December 16, 2025
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 in two opposite directions.
Institutional and corporate demand, particularly through Coinbase, is near record highs, Edwards explained.
At the same time, long-term holders (“OG” whales) are aggressively selling into that strength, capping upside momentum.
On-chain valuation models suggest BTC is trading well below its fair value based on network security and usage.
Yet despite strong fundamentals, price remains stuck.
Corporate Bitcoin treasury stocks are trading at deep discounts …
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