{"id":77591,"date":"2026-03-25T06:01:33","date_gmt":"2026-03-25T06:01:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=77591"},"modified":"2026-03-25T06:01:33","modified_gmt":"2026-03-25T06:01:33","slug":"bitcoin-deeply-undervalued-yardstick-metric-hits-off-the-chart-lows","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=77591","title":{"rendered":"Bitcoin Deeply Undervalued? \u2018Yardstick\u2019 Metric Hits Off-The-Chart Lows"},"content":{"rendered":"
\n

Charles Edwards has highlighted how the Bitcoin Yardstick valuation indicator is \u201coff the chart\u201d in deep value at the moment.<\/p>\n

Bitcoin Yardstick Is Deep Inside Undervalued Zone<\/h2>\n

In a new post<\/a> on X, Capriole Investments founder Charles Edwards has talked about the latest trend in the Bitcoin Yardstick. The \u201cYardstick\u201d is a valuation tool for the cryptocurrency devised by Edwards that is similar to a Price-to-Earnings (PE) Ratio, but in place of \u201cearnings,\u201d the metric instead uses the energy work done to secure the BTC network.<\/p>\n

The stand in for this work done is the \u201cHashrate<\/a>,\u201d a measure of the total amount of computing power connected to the Bitcoin blockchain by miners as a whole. The Yardstick takes the ratio between the market cap and this metric to represent BTC\u2019s value.<\/p>\n

Now, here is the chart shared by Edwards that shows how the Bitcoin Yardstick has changed over the last few years:<\/p>\n

\"Bitcoin<\/p>\n

As displayed in the above graph, the Bitcoin Yardstick has plummeted over the last few months as the cryptocurrency\u2019s price has gone through a bearish shift. This suggests that the asset\u2019s value has dropped relative to the network Hashrate.<\/p>\n

The indicator has recently been floating in the zone below -1 standard deviation (SD) from the mean, which is a region that the analyst\u2019s model describes as pertaining to a \u201ccheap value.\u201d From the chart, it\u2019s visible that the 2022 bear market<\/a> also saw the Yardstick plummet into this region, but the recent lows in the metric have actually been lower than any level from back then. \u201cBitcoin yardstick is literally off the chart in deep value,\u201d noted Edwards.<\/p>\n

While the cryptocurrency has been severely undervalued from the perspective of the indicator, it may not necessarily mean a bottom is here. In the previous bear market, the indicator was in the undervalued region for months before a turnaround appeared.<\/p>\n

An interesting feature in the graph is that the Yardstick saw a sudden spike to a normal-value zone in the final week of January. The BTC price was moving sideways while this happened, so the culprit must have been the Hashrate. And indeed, this spike coincided with a major snow storm<\/a> in the United States that disrupted the power grid, forcing miners to curtail their electricity usage.<\/p>\n

The resulting drop in the Hashrate was very significant, but it lasted only temporarily. Though, before the computing power even returned, the Yardstick plummeted anyway, owing to the sharp price crash that Bitcoin saw to kick off February.<\/p>\n

BTC Price<\/h2>\n

Bitcoin has returned to the $71,000 level following its quick rebound over the past day.<\/p>\n

\"Bitcoin<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Charles Edwards has highlighted how the Bitcoin Yardstick valuation indicator is \u201coff the chart\u201d in deep value at the moment. Bitcoin Yardstick Is Deep Inside Undervalued Zone In a new post on X, Capriole Investments founder Charles Edwards has talked about the latest trend in the Bitcoin Yardstick. The \u201cYardstick\u201d is a valuation tool for […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-77591","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/77591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=77591"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/77591\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=77591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=77591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=77591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}