Bitcoin (BTC) is undervalued, what’s the reason? (11/14/25)

Updated

November 14, 2025

Gambar Bitcoin (BTC) is undervalued, what’s the reason? (11/14/25)

Jakarta, Pintu News – In the fluctuating world of investment, Bitcoin is often a hot topic among investors and analysts. Recently, an on-chain analytics firm, Santiment, revealed that Bitcoin may be undervalued.

This is based on a comparison of Bitcoin’s performance with gold and the S&P 500 over the past four years. Now, many are wondering, is it the right time to invest in Bitcoin?

Bitcoin Performance Compared to Gold and S&P 500

📊 Over the past 3 months, there has been a clear correlation break between crypto and equities. Here are the major sector returns since August 11th:

🥇 Gold: +21%
🏦 S&P 500: +7%
🪙 Bitcoin: -15%

🧐 Based on 4 years of a tight correlation, $BTC is arguably being undervalued. pic.twitter.com/gIWiJPZpc5
— Santiment (@santimentfeed) November 12, 2025

According to data released by Santiment, Bitcoin has shown a 15% decline since August 11. Meanwhile, in the same period, the S&P 500 has increased by 7% and gold has recorded a significant increase of 21%. This shows that gold managed to become the most profitable asset, while the S&P 500 is also still recording gains.

While Bitcoin has historically shown a correlation with both assets, this pattern seems to have shifted recently. This difference in trajectory may signal that the correlation between Bitcoin and those assets has turned negative or is no longer even correlated. This raises questions about the current valuation of Bitcoin in the market.

Also Read: Shocking Prediction from Donald Trump’s Son: Bitcoin Will Break $1 Million!

Supply Quantile Cost Basis Model Analysis

#Bitcoin is trading around $104K stuck between the 0.85 and 0.75 cost-basis quantiles ($108.5K / $100.6K). These levels have historically acted as support and resistance, with a break of either likely to define the next directional trend.
📈https://t.co/ZIPAeR4AN2 pic.twitter.com/wJ4jH9PTvQ
— glassnode (@glassnode) November 12, 2025

Another on-chain analytics firm, Glassnode, notes that Bitcoin is currently between two key price levels based on the Supply Quantile Cost Basis Model. This model depicts various Bitcoin price levels based on the percentage of supply that would see a profit if Bitcoin were to trade at those levels. Bitcoin briefly surpassed the 0.95 quantile during its rally to new highs, meaning more than 95% of the supply experienced unrealized gains.

However, with the recent decline that the cryptocurrency has faced, the price has not only dropped below the 0.95 quantile level, but also below the 0.85 quantile. This suggests that only 85% of the supply is still profitable. This movement has drawn the attention of investors and analysts to take a closer look at Bitcoin’s current market dynamics.

Current Bitcoin Price

At the time of writing, Bitcoin’s price hovers around $105,000, up 2.5% in the last seven days. Despite the decline compared to other assets in the same timeframe, this weekly increase shows that there is still market interest in Bitcoin. Investors and analysts continue to monitor price movements to see if there will be further recovery or if the downward trend will continue.

With the market situation constantly changing, it is important for investors to stay vigilant and inform themselves with the latest data. Analysis from Santiment and Glassnode provides insights that can help make more informed investment decisions in the future.

Conclusion

With all the dynamics going on in the financial markets, Bitcoin still shows potential that should not be ignored. While it may seem undervalued at the moment, this could be an opportunity for investors looking for an asset with long-term growth potential. Keeping up with the latest developments and in-depth analysis is key to capitalizing on this situation.

Also Read: Bitcoin Poised to Surge After US Government Shutdown Deal: History Repeats?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

FAQ

What is Bitcoin (BTC)
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Why is Bitcoin (BTC) considered undervalued?
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What is the Supply Quantile Cost Basis Model mentioned by Glassnode?
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What is the current Bitcoin price?
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How should investors respond to this information?
- Investors are advised to continuously monitor price movements and market analysis to make informed investment decisions, given the dynamic market situation and long-term growth potential of Bitcoin.