Recently, the market has been influenced by macroeconomic factors, leading to fluctuations in cryptocurrency prices, especially with over $220 million worth of Bitcoin long positions being liquidated after Friday's employment report. However, analysts have pointed out that Bitcoin's value is not receiving due attention. In their report, Presto Research analysts Peter Chung and Min Jung emphasized that Bitcoin's value is significantly undervalued, particularly given the market's excessive focus on macro factors and ignoring the key elements supporting Bitcoin's value - network security. They noted that Bitcoin's hashrate has reached a new historical high of 679 EH/s, making it the most secure network to date. If investors believe this trend will continue, the current price of Bitcoin may be seriously undervalued. Additionally, Metalpha's senior analyst Lucy Hu stated that market sentiment was affected by below-expectation employment data, resulting in widespread asset declines since the data was released. She expects that the cryptocurrency market will continue to exhibit high volatility until the next Federal Reserve meeting.