Bitcoin Ahr999 "bottom-fishing" indicator falls below 0.3, approaching the February 6 low again
BlockBeats News, on February 25, according to Coinglass data, the bitcoin Ahr999 indicator has dropped to 0.29, which is significantly below the "bottom line" (0.45). The recent previous low was 0.27 on February 6.
During the last bear market cycle, on June 18, 2022, and November 22 of the same year, the market experienced the "ETH crash liquidation" and "FTX explosion" events, respectively, and the index fell below 0.3 on both occasions.
This indicator was created by ahr999 to assist bitcoin DCA (dollar-cost averaging) users in making investment decisions in combination with timing strategies. The indicator reflects the short-term DCA yield of bitcoin and the deviation between the bitcoin price and its expected valuation. In bitcoin's history, the Ahr999 index has been below the bottom line (0.45) for 572 days.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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