📉 BTC SHARPE RATIO HITS BEAR-MARKET EXTREMES $NKN

Bitcoin’s Sharpe ratio has dropped to around −10, its lowest level since March 2023. $GPS

A negative Sharpe ratio means investors aren’t being compensated for risk, signaling very weak risk-adjusted returns. $DF

Historically, readings this low have lined up with the deepest phases of past bear markets.

Analysts caution this stretch could drag on for months, with further downside possible before any real recovery.