Bitcoin Deeply Undervalued? ‘Yardstick’ Metric Hits Off-The-Chart Lows
Charles Edwards has highlighted how the Bitcoin Yardstick valuation indicator is “off the chart” in deep value at the moment. Bitcoin Yardstick Is Deep Inside Undervalued Zone In a new post on X, Capriole Investments founder Charles Edwards has talked about the latest trend in the Bitcoin Yardstick. The “Yardstick” is a valuation tool for […]
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On-chain data shows the Bitcoin NVT ratio currently has values that would suggest the crypto is undervalued at the moment. Bitcoin NVT Ratio Is Moving On A Downtrend Right Now As pointed by an analyst in a CryptoQuant post, the BTC NVT ratio currently has low values that would mean the coin is undervalued right now. The “Network Value to Transactions” (or NVT in short) is an indicator that’s defined as the ratio between the Bitcoin market cap and the transacted volume during a specific time period. Basically, the metric evaluates the value of the crypto using its....
Bitcoin’s demand backdrop has weakened sharply, according to CryptoQuant analyst Darkfost, who said an on-chain gauge of apparent demand has fallen to its most bearish reading of the year. Darkfost, posting on X under the handle @Darkfost_Coc, shared a CryptoQuant chart showing Bitcoin Apparent Demand on a 30-day sum basis falling deep into negative territory. The analyst said the metric is now approaching minus 147,000 BTC, marking its weakest level since the beginning of 2026. “Bitcoin’s Apparent Demand has just reached its most negative level since the beginning of the year,” Darkfost....
Anthony Pompliano made similar remarks on Monday, noting that Bitcoin’s “value and price are diverging” and that “weak hands are selling to strong hands.” Jurrien Timmer, Fidelity’s director of global macro, has argued that Bitcoin (BTC) may be “cheaper than it looks”, highlighting evidence on Tuesday that the cryptocurrency may be both undervalued and oversold. Addressing his 126,000 Twitter followers, Timmer explained that while Bitcoin has fallen back to 2020 levels, its price-to-network ratio has reeled all the way back to 2013 and 2017 levels, which he said may indicate it is....
The Bitcoin price has been gaining momentum and steadily rising back to a more bullish price position of $30,000. Despite market downturns, long-term holders of the cryptocurrency are increasing their investments in hopes of a significant bull run. s the holder metric hits a new all-time high. Bitcoin Price Rises As Holder Metric Peaks Bitcoin’s […]
Despite BTC’s price gains in 2020, the failings of our fiat monetary system demonstrate that bitcoin is still significantly undervalued. The post Why Bitcoin Is One Of The Most Undervalued Assets In 2021 appeared first on Bitcoin Magazine.