Tipping Point
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Chart of the Day
If beauty is in the eye of the Bitholder, you might want to dust the cobwebs off this chart. Crypto and bond markets are stabilizing after last week’s rout as central banks across the world affirm their continued stance on accommodative policy measures. While popular market indicators such as RSI are just a little shy of entering the overbought territory, the stock-to-flow deflection alludes to Bitcoin’s extended undervaluation.