On February 6, according to Coinglass data, the Bitcoin Ahr999 indicator dropped to 0.27, significantly below the “bottom-fishing line” (0.45). The last time this index fell to this level was on June 18, 2022, and again on November 22, 2022, when the market experienced the “ETH crash liquidation” and “FTX collapse” events, respectively. Going further back, it dates to March 16, 2020, during 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 bottom-fishing line (0.45) for 572 days.
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Bitcoin Ahr999 "Bottoming" Indicator Drops to 0.27, Level Comparable to "FTX Collapse" and "316 Crash"
On February 6, according to Coinglass data, the Bitcoin Ahr999 indicator dropped to 0.27, significantly below the “bottom-fishing line” (0.45). The last time this index fell to this level was on June 18, 2022, and again on November 22, 2022, when the market experienced the “ETH crash liquidation” and “FTX collapse” events, respectively. Going further back, it dates to March 16, 2020, during 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 bottom-fishing line (0.45) for 572 days.