Grayscale Deems Bitcoin Undervalued Based on On-Chain Metrics Analysis, June 9

According to a report published on June 9, Grayscale Investments concluded that Bitcoin is currently in an undervalued state based on comprehensive on-chain metrics analysis. Research head Zach Pandl examined realized price, market value-to-realized value ratios, and long-term holder behavior to reach this conclusion.

However, current undervaluation levels remain less extreme than during the 2022 FTX collapse or past bear markets. The report noted that market stability could improve if long-term investor selling pressure eases and new capital inflows increase, though near-term volatility may persist depending on sentiment and fund flows.