Cryptocurrency analytics firm Alphractal has examined the current valuation of Bitcoin using the Short-Term Flow Fair Value metric. The metric measures the relationship between new Bitcoin issuance and its absorption by the market. Alphractal notes that while the metric has recently started to fall, it remains high, indicating strong absorption levels despite the recent pullback. Alphractal also mentions the Aggregate Funding Rate across exchanges, which is currently approaching negative territory but remains positive overall. This suggests a potential shift in market sentiment. However, it is important to note that this information does not constitute investment advice.



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