In Bitcoin We Trust Newsletter

In Bitcoin We Trust Newsletter

Bitcoin Is Screaming Cheap Again — And this Chart Makes It Impossible to Ignore.

Bitcoin is deeply undervalued again — and this chart shows a rare disconnect between price, sentiment, and fundamentals.

Sylvain Saurel
Jul 02, 2026
∙ Paid

There are moments when a Bitcoin chart stops being just a chart. It becomes a psychological map. It shows fear, disbelief, exhaustion, and the exact moment when investors stop looking at long-term structure and start obsessing over short-term pain.

The chart in front of us is one of those moments.

This is not a five-minute chart. It is not some noisy intraday move designed to trap traders. It is a weekly BTC/USD chart, plotted across more than a decade of Bitcoin history. That matters because a weekly chart forces us to zoom out. It removes much of the panic that dominates daily market commentary and allows us to see Bitcoin not as a series of emotional candles, but as a long-term monetary adoption curve.

Across this chart runs the key element: the power-law valuation band. That red upward-sloping structure is not there to predict tomorrow morning’s price. It is there to show Bitcoin’s long-term historical trajectory. It gives us a framework for understanding where Bitcoin trades relative to its broader adoption curve.

Right now, the message is brutal. Bitcoin is trading near $58,000 to $59,000, while the power-law model suggests it should be closer to $170,000. That is not a small gap. That is not a mild undervaluation. That is a massive disconnect.

The chart visually shows what the market emotionally refuses to accept: Bitcoin is trading at roughly a 66% discount to its power-law valuation. And yet, almost nobody wants to buy it.

The same people who said they would love another chance to accumulate Bitcoin are now terrified because the chance has arrived. The same people who claimed they were waiting for a dip are now waiting for a bigger dip. The same people who said they understood Bitcoin’s long-term thesis are suddenly obsessed with bearish price targets, macro fear, and weekly candles.

This is classic Bitcoin. When Bitcoin is expensive, everyone wants it. When Bitcoin is cheap, everyone fears it. That is why the chart matters so much. It does not simply show price. It shows the emotional contradiction of the market.

Bitcoin’s long-term structure remains intact, but sentiment is acting as if the entire thesis has collapsed. That is where opportunity lives.


Decoding the Bitcoin Power Law: How Network Physics and Epidemic Mathematics Drive the Price of the World's First Cryptocurrency.

Sylvain Saurel
·
Apr 16
Decoding the Bitcoin Power Law: How Network Physics and Epidemic Mathematics Drive the Price of the World's First Cryptocurrency.

To the casual observer, the price trajectory of Bitcoin over the past fifteen years appears to be a chaotic sequence of dizzying speculative booms followed by devastating crashes. Financial analysts often point to macroeconomic factors, regulatory news, or sheer market psychology to explain these wild fluctuations. However, a profound shift in how we understand digital asset valuation is underway. According to a comprehensive research report titled

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The Chart Is Telling a Different Story Than the Crowd

Look carefully at this chart.

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