#比特币流动性 What is the current reasonable price for Bitcoin? On-chain data helps you find the answer



Recently, an analyst used three core indicators to model the valuation of $BTC —Realized Market Cap, Circulating Supply, and CDD (Token Burn Days). This framework approaches from three angles: cost of capital, market activity, and long-term holder behavior.

What do the results say? At this stage, Bitcoin is basically within its fair value range, with no obvious overvaluation or undervaluation.

Looking at the details: During the surge to a new high in October, on-chain indicators briefly flashed red, indicating the price was somewhat deviating; subsequent adjustments brought BTC back to a reasonable level. Currently, the price hovers around $87,600, more like the market is waiting for new catalysts rather than falling into irrational frenzy or panic.

What will happen next? It still depends on how on-chain data and timing unfold.
BTC0.92%
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LuckyBearDrawervip
· 2h ago
87600 this price level indeed feels a bit unstable, what are we waiting for...
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SchrodingerAirdropvip
· 2h ago
87600 is indeed neither high nor low, but I was still scared during that red light wave and didn't dare to chase.
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Degen4Breakfastvip
· 2h ago
87600 this price level isn't particularly exciting, just slowly grinding there. The CDD indicator is right; long-term holders who should sell are not idle. Waiting for new driving forces, now it's all about the actions on the Federal Reserve's side.
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