On February 25, according to Coinglass data, the Bitcoin Ahr999 indicator dropped to 0.29, significantly below the “bottoming line” (0.45). The recent low was 0.27 on February 6. During the previous bear cycle, on June 18, 2022, and November 22, 2022, the market experienced the “ETH liquidation crash” and the “FTX collapse” events, respectively, with the index falling below 0.3. 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 "Bottoming" Indicator Falls Below 0.3, Approaching February 6th Low Again
On February 25, according to Coinglass data, the Bitcoin Ahr999 indicator dropped to 0.29, significantly below the “bottoming line” (0.45). The recent low was 0.27 on February 6. During the previous bear cycle, on June 18, 2022, and November 22, 2022, the market experienced the “ETH liquidation crash” and the “FTX collapse” events, respectively, with the index falling below 0.3. 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.