According to @Andre_Dragosch, Bitcoin shows a current valuation gap identified via on-chain cost bases, long-term holder behavior, and historical recovery phases, a framework he uses to judge whether volatile price action reflects healthy consolidation or renewed downside risk. Source: @Andre_Dragosch on X, Dec 30, 2025. He announced a professional-investor webinar titled Bitcoin 2026: From Mispricing to Macro Recovery on 7 January 2026 at 3 pm London and 4 pm Frankfurt with Matt Hougan and Bradley Duke to unpack these macro and on-chain signals live. Source: @Andre_Dragosch on X, Dec 30, 2025. He emphasized that structural mispricing resolves through data rather than narratives, underscoring the trading relevance of tracking on-chain cost bases and long-term holder trends over price alone when markets are noisy. Source: @Andre_Dragosch on X, Dec 30, 2025. This session is for professional investors only and is not investment advice, with capital at risk. Source: @Andre_Dragosch on X, Dec 30, 2025.