[Bitcoin Energy Value metric says 'fair' BTC price is up to $167K]
Bitcoin is 31% undervalued versus its energy-based "fair" price, analysis calculates, as hash rate beats records.

<p><img src="https://static.fwimg.io/img/1px.png" alt="Bitcoin Energy Value metric says 'fair' BTC price is up to $167K"></p><p>Bitcoin is 31% undervalued versus its energy-based "fair" price, analysis calculates, as hash rate beats records.</p>

Bitcoin Energy Value metric says &#039;fair&#039; BTC price is up to $167K

The next phase of development for the crypto sector is quietly underway, with stories surrounding crypto gradually shifting towards its use in everyday life. The increasing popularity of crypto...

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This article is from Prince, co-founder of Avon.
Compiled by Odaily Odaily(@OdailyChina); Translated by Azuma (@azuma_eth)
TL;DR
People's use of DeFi has become highly similar. The market and infrastructure are maturing, but users' mentality has gradually shifted from curiosity to caution. The reward mechanism has changed from "users bear the risks and rewards themselves" to "users wait to be rewarded," and participation behavior has gradually converged around incentives.
The Fading DeFi
DeFi gives people the feeling that...

Avon's popular article on foreign websites: Why is DeFi no longer attractive?

This adjustment phase may lay the foundation for a strong rally in the first quarter of next year.

Bitcoin Energy Value metric says &#039;fair&#039; BTC price is up to $167K

Bitcoin Energy Value metric says 'fair' BTC price is up to $167K