<ul><li>Bitcoin (BTC) has experienced a significant price pullback, with liquidations exceeding $1.5 billion from long positions.</li><li>Despite the recent downturn, overall sentiment towards the crypto market appears to be improving, as suggested by the Cryptoasset Sentiment Index.</li><li>US spot Bitcoin exchange-traded funds (ETFs) recorded their largest daily net outflow, indicating bearish sentiment around risk-on assets.</li><li>On-chain data indicates that crypto whales are capitalizing on market uncertainty by accumulating BTC following the recent sell-off.</li></ul>

Is Bitcoin Undervalued? Crypto Sentiment Index Flashes “Massive Contrarian Buy Signal”

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