Data: Bitcoin price has fallen below $74,000.

Bitcoin is undervalued by approximately 66% relative to gold, and the Z-score signal indicates a potential major surge.

Bitcoin advocate Samson Mow pointed out that the Z-score of Bitcoin relative to gold is approximately -1.24, indicating an undervaluation trend of about 24% to 66%, and historically, a Z-score below -2 often signals a subsequent significant rise. However, some analysts in the market also predict that Bitcoin could drop to $50,000, facing geopolitical uncertainty challenges. Mow believes that the current undervaluation is an important signal of potential upside.

BTC Breaks Through 67,000 USDT

Gate News bot message, Gate market display, BTC breaks through 67,000 USDT, current price 67,016.6 USDT.

10xResearch: Market positions have been cleared, but liquidity remains relatively weak

10xResearch in its latest report states that crypto market positions have largely cleared, funding rates have dropped to lows, and implied volatility has reset, but liquidity remains fragile. The US 10-year Treasury yield has declined, ETF funds experienced a brief net inflow, and options traders are adjusting their positions around key March events.