Fidelity Flags October and Bitcoin Bottom as ‘Yardstick’ Hits Historic Lows
Covered by 2 sources · 2 articles
2 outlets - including Crypto-economy and Cryptopotato - are covering this story. TL;DR: Bitcoin’s Yardstick indicator remained in the undervaluation zone for 83% of the past 92 days. The network’s processing power (hash rate) recorded a 22% drop from its all-time high. The realized cap ratio between long-term and short-…
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Fidelity Points to October Bitcoin Bottom Signal as Key Market Indicator Hits Historic Low
TL;DR: Bitcoin’s Yardstick indicator remained in the undervaluation zone for 83% of the past 92 days. The network’s processing power (hash rate) recorded a 22% drop from its all-time high. The realized cap ratio between long-term and short-…
Fidelity Flags October and Bitcoin Bottom as ‘Yardstick’ Hits Historic Lows
Bitcoin is nearing a market bottom, according to a key valuation metric called the Yardstick from Fidelity Digital Assets.