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Bitcoin trading below fair value — a moment for long-term accumulation
Given the strong market pessimism about the
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Given the strong market pessimism about the crypto market's future, Grayscale released a report yesterday that sharply contrasts with prevailing market sentiment. According to a few on-chain indicators, Bitcoin already looks cheap relative to its fair value. That does not mean the bottom has been reached — the firm explicitly says the market has not yet returned to previous cyclical lows, for example after the FTX crash. However, the current decline may be structurally less deep than in past cycles. The reason is a qualitative
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Jakub Novak,
Analytical expert of InstaForex
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Pavel Vlasov
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