The desire to have valuation models has never been hired because of the intury of institutional investors who are used to these kind of models in equities and thix income market. For traders yethey, they often want to be able to say, am, how does this compare? It to previous cycles? How does this compare to to ow? Can we map on chain dynamics to the prices? That's why on chain metric research type people are very popular un twitter as well. So i think, am, it's all people trying to make sense of things in the world with prices in the world.

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