Analyst: Bitcoin's current fair value is between $48,000 and $95,000

BlockBeats News, February 7th, according to CoinDesk, CryptoQuant's latest analysis indicates that Bitcoin's fair value is between $48,000 and $95,000, suggesting that Bitcoin's current market price may be overvalued.

The analysis firm's Bitcoin network activity index shows that the index has dropped 15% since its peak in November, falling to 3760 points, the lowest level in over a year. This decline is mainly driven by a significant decrease in daily transaction volume, which plummeted 53% from the historical high of 734,000 transactions set in September to 346,000 transactions.