Bitcoin enters a historically rare undervalued zone, analyst says

Bitcoin has entered an extremely undervalued zone, according to an analysis by on-chain analyst Darkfost. Darkfost said that while investors had largely remained in profit until just a few weeks ago, the recent downtrend has sharply changed market sentiment. Based on a long-term valuation model, Bitcoin has now moved into a deeply undervalued range, with similar readings seen during only about 3.4% of its history. Darkfost added that periods of extreme market fear can present buying opportunities for long-term investors, while stressing the indicator does not signal that Bitcoin has bottomed or that a short-term rebound is imminent.