《Bitcoin Rainbow Chart: Price Returns to the “Discount Zone,”

Market sentiment continues to cool, and long-term valuations are gradually returning to lower levels.》
But historical cycles tell us that extreme undervaluation often occurs when market confidence is at its lowest.
Behind the price correction:
Should we look at changes in long-term holders’ holdings?
The direction of institutional fund flows?
And shifts at the margin in global liquidity?
If the macro environment gradually improves and on-chain holdings stabilize,
will the current valuation discount be further eliminated?
Of course, low valuations don’t mean risks will necessarily be cleared.
Army Outlook:
The colder the market, the more worth watching who’s still buying—and who’s no longer willing to sell!