The Bitcoin Ahr999 indicator has dropped to 0.27, comparable to the levels during the FTX collapse and the 316 crash

According to Coinglass data, the Bitcoin Ahr999 indicator has dropped to 0.27, significantly below the "buying bottom 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 "FTX explosion" events, respectively. Looking further back, it dates back 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. The indicator implies the short-term yield of Bitcoin dollar-cost averaging and the deviation of Bitcoin's price from its expected valuation. Historically, the Ahr999 index has been below the buying bottom line (0.45) for 572 days.