Bitcoin Valuation Indicator Prediction: The probability of Bitcoin price recovery in 2026 is 96%. PANews reported on December 2 that according to Cointelegraph, Bitcoin's price has currently dropped 31.4% from the historic high of $126,000 set on October 6. This pullback has caused BTC price to fall below its network value (Metcalfe's value) for the first time in two years. Economist Timothy Peterson stated that historically, this often indicates that Bitcoin will recover. Metcalfe's Law points out that BTC price is positively correlated with the growth of active addresses and volume (i.e., network value), meaning the more wallets and transactions there are, the higher the fair price. The current divergence of price and network value indicates that Bitcoin is undervalued relative to its continuously expanding network, a situation that typically occurs after excessive speculation. Peterson posted on the X platform on Tuesday that while this does not mean prices have hit bottom, it indicates that most leverage has been cleared and the "bubble" has burst. He also added that the Metcalfe value ratio has always been an effective indicator for predicting future price performance; data shows that on any trading day when the price is below Metcalfe's value, the probability of achieving positive returns one year later is as high as 96%.