New BI edition in your inbox. https://bitcoinintelligence.substack.com/p/bitcoin-valuation-models-point-to An excerpt: Right now, price is sitting in the purple band, which has historically lined up with bear-market low zones, periods where downside tends to slow, sentiment tends to be washed out, and the market starts building the base for the next advance. The bottom of that band is around $58K. If price were there, the model would place Bitcoin around the 1st percentile of historical cheapness, meaning Bitcoin would have spent only about 1% of its time at a lower valuation relative to trend. Put differently, within this framework, that area acts like a highly defensible floor, not because it cannot break, but because it would represent an unusually cheap deviation from the long-term path Bitcoin has respected for most of its life. Share your thoughts below.(Sina 🗝️⚡ BI Report)