Bitcoin has entered an extremely undervalued range, a level that has only accounted for about 3.4% of history

On-chain data analysis platform CryptoQuant analyst Darkfost stated that as Bitcoin falls below several key price levels, market panic is spreading, whereas just a few weeks ago, investors were generally in a profitable state.

He pointed out that according to the long-term valuation model he follows, Bitcoin has currently entered an extremely undervalued range, having historically spent only about 3.4% of the time at similar levels. Darkfost believes that such phases of market panic should not be overly concerning, as they often provide good positioning opportunities for long-term investors, but this indicator does not mean that Bitcoin has necessarily bottomed out or will rebound in the short term.