BITCOIN JUST ENTERED A HISTORIC UNDERVALUATION ZONE AGAIN

On-chain data shows Bitcoin’s NVT Golden Cross just hit levels historically seen during major valuation resets.

This metric compares market cap to actual network usage (think p/E ratio for #Bitcoin ).

Every prior dip into this zone occurred when price fell faster than on-chain activity - not when the network was breaking.

Historically, these periods marked:

📊 Forced selling and deleveraging

📊 Long-term holders absorbing supply

📊 The transition from fear -> accumulation

Price is now #recovering , but valuation is still discounted relative to usage.

That setup has only #shown up a #handful of times in Bitcoin’s history. $BTC

BTC

88,249.94

-0.56%

📸 MorenoDV