Bitcoin Undervalued? 🤑 Gold & S&P 500 Say “Maybe!”

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In the theater of finance, where numbers dance like characters in a Chekhovian drama, the on-chain analytics firm Santiment has whispered a curious notion: Bitcoin, that enfant terrible of the digital realm, may be undervalued. Ah, the irony! The very currency that once promised to overthrow traditional assets now finds itself measured against them-Gold and the S&P 500, those stalwart old actors of the financial stage. 🧐

Bitcoin’s Recent Missteps: A Tragicomedy in Three Acts

In a recent soliloquy on X, Santiment pondered Bitcoin’s peculiar divergence from its historical companions. Once, they moved in harmony, like lovers in a Chekhov play, but now? Bitcoin has stumbled, down 15% since August 11th, while Gold pirouettes with a 21% gain and the S&P 500 nods approvingly at 7%. 🕺💃

Correlation, that fickle muse, seems to have abandoned Bitcoin. “Are they still friends?” one might ask. Santiment, ever the observer, notes that the cryptocurrency’s tight four-year embrace with these assets has loosened. “Arguably undervalued,” they declare, with a shrug that speaks volumes. 🤷‍♂️

Bitcoin vs Gold & S&P 500 Chart

Meanwhile, Glassnode, another sage of the on-chain world, points to Bitcoin’s precarious position between two price levels-$108,500 and $100,600. These are not mere numbers, but dramatic thresholds, where profit and loss play out like a Chekhovian climax. Will Bitcoin break through, or will it be confined to its current act? 🎭

Bitcoin Supply Quantiles Cost Basis Model

At the time of this writing, Bitcoin hovers around $105,000, a modest 2.5% rise over the past week. A small victory, perhaps, but in the grand drama of markets, who can say if it’s enough? 🌊

The Final Curtain Call?

As the curtain falls on this act, one cannot help but wonder: Is Bitcoin’s undervaluation a fleeting moment of pathos, or the beginning of a new, more profound narrative? Only time, that relentless director, will tell. Until then, let us watch, with a mix of amusement and sorrow, as the characters of finance play out their roles. 🎬

BTC Price Chart

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2025-11-13 07:31