BlockBeats News, February 6, glassnode published a post stating that the Bitcoin "Yardstick" indicator has hit an all-time low, significantly below previous bottoms, indicating that the Bitcoin price is severely undervalued relative to network security (hash rate).Historical data shows that such extreme lows often mark the exhaustion of downside potential and a confluence of long-term opportunities, with past similar instances followed by a significant Bitcoin price rebound.Note: The Bitcoin "Yardstick" indicator, developed by Capriole Investments, is defined as the Bitcoin market cap divided by the hash rate and normalized over 2 years of data. Similar to a stock's P/E ratio, it is used to assess Bitcoin's valuation.

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