Bitcoin Price Trading Near ‘Fair Value,’ Says On-Chain Model

An on-chain pricing model for Bitcoin suggests that the cryptocurrency is currently neither overvalued nor undervalued, trading right around its “fair value.”
Bitcoin Is Trading Near Its On-Chain Fair Value
In a new post on X, cycle analyst Root has shared an update on how Bitcoin is looking from the perspective of the On-chain Value Map. This BTC valuation model was created by Root using three on-chain metrics: Realized Cap, Liquid Supply, and Coin Days Destroyed.First, the “R