According to Michaël van de Poppe, Bitcoin's recent drop has absorbed liquidity, yet this has prompted a rally in altcoins against Bitcoin. This pattern, reminiscent of the previous bull cycle, suggests potential trading opportunities as many altcoins remain undervalued due to various circumstances.

According to Milk Road, since 2024, DeFi's onchain metrics have surged by 218%, while its market cap increased by 69% from $70 billion to $118 billion. If DeFi prices matched these fundamental metrics, the market cap could be around $210 billion, suggesting a potential undervaluation.

According to Lookonchain, the Cumulative Value Coin Days Destroyed (CVDD) metric suggests that when Bitcoin's price touches the green line, it is undervalued, presenting a good buying opportunity. The current CVDD analysis indicates that Bitcoin's top may not have been reached yet, offering potential for traders to consider bullish positions. Source: looknode.com.