Just noticed Bitcoin's Sharpe ratio has gone deeply negative again, and honestly, that's making me rethink the risk reward ratio right now. The metric's basically saying returns aren't compensating for all the volatility we're getting—feels like we're getting whipsawed without being properly rewarded for it. Saw this same pattern back in 2018-2019 and after 2022 crashed hard. Price is sitting around $73K after pulling back from those $120K highs we hit earlier, but the swings are still wild. The thing is, a negative Sharpe ratio doesn't necessarily mean the bottom's in. I've seen it stay depressed for months. What I'm actually watching is when it turns around and stays positive—that's usually when the risk reward ratio actually improves and we see real momentum return. Right now we're just oversold, not necessarily at a turning point. The market's throwing everything at us—crypto underperforming against bonds and tech stocks, unusual liquidations on both sides. Until the risk reward ratio resets and stays there, I'm being cautious with positioning.