🆕 Grayscale Research: Is Bitcoin cheap yet? After hitting a new cycle low of ~$60K, onchain valuation metrics say undervalued, but not as cheap as past cycle lows. Identifying the bottom comes down to two catalysts: ↳ CLARITY Act ↳ How levered BTC holders hold up. Read the full article from @LowBeta on the Stack: https://www.grayscale.com/the-stack/is-bitcoin-cheap-yet(Grayscale)