glassnode: Bitcoin "Yardstick" Metric Hits All-Time Low, Significant Rebound May Be Imminent

Odaily News According to a post by glassnode on platform X, the Bitcoin "Yardstick" metric has reached a historical low, indicating that Bitcoin's price is severely undervalued relative to network security (hash rate). Such extreme lows often signal the exhaustion of downside potential and the convergence of long-term opportunities. In the past, similar situations have typically been followed by significant rebounds in Bitcoin's price. (Note: The Yardstick metric, developed by Capriole Investments, is defined as Bitcoin's market capitalization divided by its hash rate, normalized over a 2-year data period. It is analogous to the price-to-earnings ratio for stocks and is used to assess Bitcoin's valuation.)