The Network Value to Transactions shows that Bitcoin is likely undervalued….on the grand scheme of things, HIGHLY undervalued…

Bitcoin Bullish Signal: NVT Ratio Suggests BTC Is Currently Undervalued

“As pointed by an analyst in a CryptoQuant post, the BTC NVT ratio currently has low values that would mean the coin is undervalued right now.

The “Network Value to Transactions” (or NVT in short) is an indicator that’s defined as the ratio between the Bitcoin market cap and the transacted volume during a specific time period.

Basically, the metric evaluates the value of the crypto using its transaction volume. When the NVT value is high, it means BTC is currently overvalued compared to the ability to transact coins. Such a trend can be bearish for the crypto

On the other hand, when the value of the the indicator is low, it implies Bitcoin may currently be undervalued at the moment. This kind of trend can be bullish for the price of the crypto.”

https://www.newsbtc.com/news/bitcoin/bitcoin-bullish-signal-nvt-ratio-btc-undervalued/