According to a CryptoQuant Quicktake post published today, Bitcoin (BTC) may still be undervalued based on several on-chain metrics. Crypto on-chain analyst BorisVest explained that data suggests bullish sentiment remains intact for the leading cryptocurrency. On-Chain Metrics Suggest Bitcoin Still Undervalued BorisVest pointed to two key on-chain metrics suggesting that BTC’s current price might be below its fair value. First, the analyst highlighted the decline in Bitcoin’s exchange reserves
source: https://www.newsbtc.com/bitcoin-news/bitcoin-undervalued-analyst-breaks-down-bullish-on-chain-metrics/