Bitcoin Trading at 40% Discount per This BTC Indicator: Details
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Bitcoin, the first and largest cryptocurrency by market capitalization, could be significantly undervalued, according to Charles Edwards, analyst and founder of Capriole Investments. In a recent tweet, Edwards noted that Bitcoin Energy Value is at $130,000, sharing alongside his tweet a Bitcoin (BTC/USD 1 day) chart superimposed with the Bitcoin energy value. This figure places Bitcoin at a massive 40% discount from its current market price of over $94,000. Bitcoin Energy Value is at $130K. We are one year post Halving and Bitcoin is trading at a whopping 40% discount to its intrinsic value. pic.twitter.com/kbqTgTPp5d — Charles Edwards (@caprioleio) April 25, 2025 The Bitcoin Energy Value, a valuation model developed by Edwards, estimates the intrinsic value of Bitcoin as priced by raw joules of electricity entering the mining network. Related The observation comes one year after Bitcoin’s fourth halving, a historical event known to tighten supply and frequently precede major bull runs, with Edwards noting that Bitcoin is trading at a whopping 40% discount to its intrinsic value. Bitcoin has climbed back above $94,000 in a broad relief rally, with the market regaining key levels. In Bitcoin’s case, it has breached its daily SMA 50 and 200 at $84,501 and $88,857, which had constricted its price since early February. Bitcoin rebounds After weeks of lackluster activity and lower liquidity conditions, the market has finally responded positively to a broader macro catalyst, with both equities and cryptocurrencies rallying higher. Related Taken from April 19, Bitcoin has marked six consecutive days in green. Tuesday’s surge was the largest when Bitcoin rose from $87,077 to $93,952. In the following sessions, Bitcoin surpassed $94,000, around where it currently trades. At press time, Bitcoin was up 1.88% in the last 24 hours to $94,266, having previously reached $94,499, its highest level since March 3, and…
Filed under: News - @ April 25, 2025 3:26 pm