Get the latest crypto news, updates, and reports by subscribing to our free newsletter.
Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
© 2026 Index.vn
Bitcoin is trading near $74,000, but one long-term onchain model suggests the market may be reading that price too narrowly. CryptoQuant analyst Darkfost says Bitcoin has slipped below the 20th quantile of the Bitcoin Power Law model, leaving it at a current quantile of 18.5%. That means Bitcoin has spent only 18.5% of its full history at this relative valuation level. By that measure, the asset is not expensive or even fairly priced. It is approaching what the model treats as extreme undervaluation. That does not mean the market feels cheap. Over the weekend, 21 hours of talks between the United States and Iran in Islamabad ended without an agreement, and bitcoin dropped $3,200 in response. The wider crypto market lost $83 billion in a single day as total capitalization fell from $2.47 trillion to $2.39 trillion. President Trump then announced that the U.S. Navy would begin blockading the Strait of Hormuz, sending oil futures 7% higher. The immediate price action reflects a market trading macro shock, not calmly pricing long-term value. Why the model and the market are sending different signals The Bitcoin Power Law model is built on logarithmic regression across Bitcoin’s full price history, so it measures current valuation against the asset’s entire life cycle rather than recent momentum. That is why the signal stands out now. Even as headlines turn darker, the model continues to classify bitcoin as historically cheap. Onchain data adds another layer of strain: 13.5 million bitcoin addresses are currently holding at a loss after the decline from the October 2025 peak above $126,000. The setup is unusual because structural undervaluation and short-term stress are colliding at the same time. That collision leaves bitcoin sitting on a narrow technical ledge. Analysts are watching $70,000 as the key psychological and technical floor, while a weekly close above $71,000 is needed to keep any upside continuation alive. Resistance sits at $74,000. If $70,000 breaks, the downside target is $65,000. Nic Puckrin of Coin Bureau says the war’s economic fallout could dominate through Q2, with Fed rate cuts delayed until Q3 or Q4, while CME FedWatch shows over a 98% chance rates stay unchanged at the April 29 and June 17 meetings. Bitcoin may be historically undervalued, but its path looks fragile.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…