Bitcoin Ahr999 indicator drops to 0.27, matching levels seen during the FTX collapse and the 3.16 crash

ChainCatcher News, according to Coinglass data, the Bitcoin Ahr999 indicator has dropped to 0.27, which is significantly below the "bottom-buying line" (0.45). The last time this index fell to this level was on June 18, 2022, and again on November 22 of the same year, when the market experienced the "ETH crash liquidation" and the "FTX explosion" events, respectively. Looking further back, it was on March 16, 2020, during the "316 crash" event.

This indicator was created by ahr999 to assist Bitcoin DCA (dollar-cost averaging) users in making investment decisions by combining timing strategies. The indicator implies the short-term DCA yield of Bitcoin and the deviation between Bitcoin's price and its expected valuation. In Bitcoin's history, the Ahr999 index has been below the bottom-buying line (0.45) for 572 days.