Bitcoin at just under $70,000 is "fairly priced" in terms of energy expenditure, the latest analysis of on-chain BTC price action and miner behavior concludes.
Bitcoin (BTC) has left its “deep value” zone as on-chain data points to a seismic shift in BTC price dynamics.
In a thread on X (formerly Twitter) on March 7, Charles Edwards, founder of quantitative Bitcoin and digital asset fund Capriole Investments, hailed a “new chapter” for the market.
Bitcoin at all-time highs is a serious transformation from BTC price action just months ago, but on-chain analysis shows that bulls have simply redressed the balance.
