Grayscale Report: Onchain Metrics Suggest Bitcoin Undervaluation at $60K

Key Facts

As digital asset markets navigate a period of uncertainty following recent price corrections, Grayscale Research has released a report suggesting that Bitcoin may currently be undervalued. According to reports, Grayscale's composite onchain indicator places BTC below its long-term historical average after the price retreated to the $60,000 level. This analysis seeks to determine if the recent dip serves as a strategic entry point by measuring current market prices against historical onchain valuation metrics.

This institutional perspective emerges as major digital assets show mixed performance, with peers like Ethereum and Solana attempting to find floors amid shifting ETF flows. Per market data, Bitcoin's ability to hold the psychological $60,000 support is viewed as a critical factor for trend reversal. Major financial institutions are increasingly relying on onchain fundamental models to justify long-term positions, moving beyond simple price action analysis.

Looking ahead, market participants are focused on liquidity levels as of the close on June 10, 2026, with the $60,000 mark acting as a pivotal zone. Investors are also monitoring the upcoming economic calendar, specifically the U.S. Initial Jobless Claims, which could impact broader market sentiment and risk appetite, potentially acting as a catalyst for Bitcoin's next directional move.