Markets· ★★· neutral·

Analyst: Bitcoin trades 36% below its $131,057 energy-based value

  • —Capriole's energy value model puts BTC at $131,057 versus $83,264 spot
  • —Closing the gap would require a roughly 57% rally
  • —Network hashrate has recovered above 1 ZH/s after falling to 900 EH/s
  • —JPMorgan pegs Bitcoin production cost at $85,000, slightly above market
Why it matters: The energy value model has historically marked cycle bottoms, but BTC tracked it through 2024–2025 without building a speculative premium.
#BTC
Source: BeInCrypto TR
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