Glassnode: Bitcoin "Ruler" Indicator Hits Historic Low, May Experience a Significant Rebound

GateNews

2026-02-06 14:52:07

BTC3,32%

Odaily Planet Daily reports that Glassnode posted on X platform stating that the Bitcoin “Yardstick” indicator has reached its lowest point in history, indicating that Bitcoin’s price is severely undervalued relative to network security (hash rate). Such extreme lows often signal the exhaustion of downside potential and the convergence of long-term opportunities. Historically, after similar situations, Bitcoin prices have typically experienced significant rebounds. (Note: The Yardstick indicator, developed by Capriole Investments, is defined as Bitcoin market cap divided by hash rate and normalized over 2 years, similar to a stock’s P/E ratio, used to assess Bitcoin valuation)

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