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%, …