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.