Vertigo3d/iStock via Getty Images Dan Morehead and team at Pantera Capital have had a front-row view of the price and money flow action in bitcoin (BTC-USD) for nearly a decade, and - what do you know - human nature is just as pro-cyclical in that asset as it is in any other. Pantera has found that bitcoin has spent 10% of its time at 500% above what they call "fair value" (basically an 11-year trend line), and has reaped a full 39% of all inflows during these rare periods. Taking it further, the popular crypto has spent 4% of its time trading north of 775% of fair value, and has pulled in 28% of all inflows during those instances. As for now, Pantera says bitcoin is selling for 36% below fair value - an undervaluation seen for just 20.3% of the crypto's existence. "It's best to buy when the market
