The post Is Bitcoin Undervalued Right Now? On-Chain Data Has a Clear Answer appeared first on Coinpedia Fintech News
Bitcoin is trading at $70,675. And according to a long-term quantitative model tracking its full price history, that number means something most traders scanning red charts are probably missing.
CryptoQuant analyst Darkfost flagged this morning that Bitcoin has fallen below the 20th quantile of the Bitcoin Power Law model. At a current quantile of 18.5%, Bitcoin has spent only 18.5% of its entire existence at this relative valuation level.
“We are now approaching extreme undervaluation levels,” Darkfost wrote.
What Is the Bitcoin Power Law and Why Is It Flashing Now?
The Bitcoin Power Law is a long-term valuation framework built on logarithmic regression across Bitcoin’s full price history. Unlike short-term technical indicators, it measures where Bitcoin sits relative to every price it has ever traded at, adjusted for time.
Why Bitcoin Fell Back to
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