Only once before has BTC been such good value versus hash rate — and that was long before even the 2017 all-time high.
Source: https://cointelegraph.com/news/new-bitcoin-yardstick-metric-says-20k-btc-now-extraordinarily-cheap
New Bitcoin Yardstick metric says $20K BTC now ‘extraordinarily cheap’
November 2, 2022
CoinTelegraph