#BTC Yardstick at –1.6σ = Bitcoin is insanely undervalued.
The Yardstick compares BTC’s price with how powerful and expensive the network is to run.
Other occurrences:
• 2022 bear market low
• 2020 COVID crash bottom
• 2017 pre-blow-off base
• 2011 bear market bottom

All occurrences coincided with strong accumulation (dark purple)...
Bottom was in as well!

When valuation models scream “undervalued,” timing is still the boss fight 🤔
Sector:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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