6月19日，比特幣各項估值指標回落至歷史具備高度參考價值的低位區間，但價格修復走勢並未同步加速。RadexMarkets瑞德克斯提及，Bitwise分析指出當前比特幣相對長期趨勢已進入「深度價值」區間，中長線配置吸引力持續提升。

不過低估值不等同於資金將即刻回流。RadexMarkets瑞德克斯認為，美國聯準會維持緊縮貨幣立場、市場流動性被大型融資項目分流，是拖累比特幣反彈節奏的兩大核心因素。尤其在高利率環境之下，投資人普遍選擇靜待風險報酬比更明朗的時機再進場布局。

On June 19, Bitcoin’s valuation metrics fell back to historically notable low ranges, yet price recovery failed to speed up accordingly. RadexMarkets stated that Bitwise analysis shows Bitcoin has entered a deep value zone relative to its long-term trend, boosting its appeal for medium and long-term allocation.

Nevertheless, low valuations do not guarantee an immediate capital return. RadexMarkets argued that the Federal Reserve’s sustained hawkish stance and liquidity diversion by large financing projects are two core factors slowing Bitcoin’s rebound. Especially under high interest rates, investors tend to wait for a clearer risk-reward ratio before making allocations.