Data: On-chain indicators show that Bitcoin is undervalued, but the degree of undervaluation is not as low as in previous cycle lows
Grayscale Research Director Zach Pandl released a research report stating that, based on multiple on-chain valuation indicators, Bitcoin's current price is below its long-term average, indicating that it is undervalued, but the degree of undervaluation is not as significant as in previous cycle lows such as after the FTX collapse.
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