PANews reported on February 6th that data from Coinglass shows the Bitcoin Ahr999 indicator has dropped to 0.27, significantly below the “bottom-fishing line” (0.45). The last time this index fell to this level was on June 18 and November 22, 2022, as well as March 16, 2020, when the market experienced the “ETH crash liquidation,” “FTX explosion,” and “316 crash” events, respectively.
The Bitcoin Ahr999 indicator (also called the ahr999 bottom-fishing indicator) was created by ahr999 (Nine Gods) and mainly helps long-term holders (HODLers) and dollar-cost averaging users determine the right buying opportunity. Ahr999 = (Current Bitcoin Price / 200-day DCA Cost) × (Current Bitcoin Price / Estimated Growth Valuation).
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bhutan Shifts $8.5M in $BTC, Raising Speculation of Exit From Mining Sector
Bhutan has transferred $8.5M in Bitcoin as part of a liquidation trend, raising speculation about its exit from crypto mining. The country's overall crypto portfolio has declined by 3.82%, suggesting a shift toward active portfolio management.
BlockChainReporter15m ago
Elevate Your BTC by Integrating Bitcoin Everlight Shards Early
For many years, earning Bitcoin has historically required complicated trading or expensive mining equipment that’s difficult for many people to run at home. This, in the context of users constantly looking for reliable passive income sources in the digital asset space, is important, especially as
CryptoPotato54m ago
