ChainCatcher reports that, according to Coinglass data, the Bitcoin Ahr999 indicator has dropped to 0.27, significantly below the “bottoming line” (0.45). The last time this index fell to this level was on June 18, 2022, and November 22, 2022, when the market experienced “ETH crash liquidation” and “FTX collapse” events, respectively. Going further back, it traces to March 16, 2020, the “316 crash” event.
This indicator was created by ahr999 to assist Bitcoin dollar-cost averaging users in making investment decisions based on timing strategies. It implicitly reflects the short-term return rate of Bitcoin DCA and the deviation of Bitcoin’s price from its expected valuation. Historically, the Ahr999 index has been below the bottoming line (0.45) for 572 days.
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Bitcoin Ahr999 indicator drops to 0.27, comparable to the levels during the FTX collapse and the 316 plunge.
ChainCatcher reports that, according to Coinglass data, the Bitcoin Ahr999 indicator has dropped to 0.27, significantly below the “bottoming line” (0.45). The last time this index fell to this level was on June 18, 2022, and November 22, 2022, when the market experienced “ETH crash liquidation” and “FTX collapse” events, respectively. Going further back, it traces to March 16, 2020, the “316 crash” event.
This indicator was created by ahr999 to assist Bitcoin dollar-cost averaging users in making investment decisions based on timing strategies. It implicitly reflects the short-term return rate of Bitcoin DCA and the deviation of Bitcoin’s price from its expected valuation. Historically, the Ahr999 index has been below the bottoming line (0.45) for 572 days.