Glassnode: Bitcoin "Ruler" Indicator Hits Historic Lows, May Experience a Significant Rebound

SmartContractAuditor · 2026-02-06T19:37:39+00:00

Glassnode on the X platform pointed out that the Bitcoin "Ruler" indicator has reached a historic low, indicating that its price is severely undervalued relative to network security. This phenomenon suggests that the downside potential may be exhausted, which typically signals a significant rebound in Bitcoin's price.

SmartContractAuditor

2026-02-06 19:37:39

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Odaily Planet Daily News: Glassnode posted on X platform that the Bitcoin “Yardstick” indicator has reached a historic low, indicating that Bitcoin’s price is severely undervalued relative to network security (hash rate). Such extreme lows often signal the end of downward potential and the convergence of long-term opportunities. Historically, similar situations have often led to significant rebounds in Bitcoin’s price. (Note: The Yardstick indicator, developed by Capriole Investments, is defined as Bitcoin market cap divided by hash rate and normalized over 2 years, similar to a stock’s P/E ratio, used to assess Bitcoin valuation.)

BTC2.16%

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