Bitcoin is "quietly" signaling what when an important indicator suddenly hits a historical low? The Sharpe ratio of Bitcoin has now dropped to nearly 0, a rare level that has previously often occurred during major market bottoms like in 2019, 2020, and 2022.
When this indicator is low, it indicates that Bitcoin is providing poor returns relative to volatility, but at the same time, it also creates a more attractive investment setup. History has shown that this is often a sign that "smart money" is starting to participate, signaling upcoming long-term bullish trends.
Notably, over 8% of the total Bitcoin has been moved on-chain in the past week – an extremely rare event, occurring only twice in the last 7 years, both in bear markets. Although this is not a guarantee of an immediate market bottom, these signals are painting a picture of significantly improving potential return quality.
What do you think about these "voices" from the market? Feel free to share your views!
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