BITCOIN PRICE TRADING NEAR ‘FAIR VALUE,’ SAYS ON-CHAIN MODEL
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✍️ A new on-chain pricing model suggests that Bitcoin is trading at its fair value, neither overvalued nor undervalued.
👉 The On-chain Value Map combines Realized Cap, Liquid Supply, and Coin Days Destroyed metrics to define valuation levels. 👉 Bitcoin has declined from its all-time high and is now trading at its fair value. 👉 The model suggests that the asset is currently neither undervalued nor overvalued, but neutral.
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