Analyst: The reason why the heavy overvaluation line (red arro | DeFI News & Alerts

Analyst: The reason why the heavy overvaluation line (red arrow) is higher than in previous cycles is because it includes illiquid supply - #Bitcoin has become more scarce.
If we get an LTH rally like we did in 2019, we will likely still not reach ATH. Note that unlike 2018, we already had an LTH rally in November 2021