VALUATION CHECK:
At ~$90K, Bitcoin’s Mayer Multiple has been higher 78% of the time historically.
That means $BTC is trading cheap relative to its 200-day moving average.
Not euphoria.
Not excess.
Just suppressed valuation the kind that usually precedes opportunity.

Sector:
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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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