Bitcoin faces $53K–$70K range test as institutional flow model pegs fair value near $87.7K

CryptoQuant’s ETF Flow Impact Score (EFIS) suggests Bitcoin is trading below a flow-implied fair value. The model normalizes net ETF flows against total ETF assets under management to gauge demand. With spot price near $63.8K, EFIS indicates a fair value closer to $87.7K, pointing to a gap between market price and institutional positioning.