#EthereumFuture Fair price of Bitcoin reaches US$ 130.000

In light of these circumstances, the Capriole Bitcoin Macro Index, which aggregates more than 70 macroeconomic and cryptocurrency indicators, is signaling a significant reversal in market sentiment:

"This new bullish trend in the fundamentals is also reinforced by the fact that the Macro Index has effectively been reset. In other words, we saw a significant downward trend in the fundamentals that was reset to the 'fair value' and then resumed an upward trend."

In parallel, the Energy Value of Bitcoin, an indicator from Capriole that calculates the fair price of Bitcoin based on the network's hash rate, reached US$ 130.000 for the first time in history.

According to the indicator, Bitcoin is being traded at a 40% discount to its 'fair price':

"As can be seen in the chart below, these discounts can always increase, but Bitcoin has always reverted to its fair value over time. A 40% discount one year after the halving is quite rare and a very welcome development."