Bitcoin Ahr999 Indicator Falls to 0.27, Matching FTX Collapse and March 2020 Crash Levels
The Bitcoin Ahr999 indicator dropped to 0.27 on Feb. 6, well below the "bottom-buy line" of 0.45, Coinglass data cited by BlockBeats show. The metric last reached this level on June 18, 2022 and Nov. 22, 2022 during the ETH liquidation plunge and FTX collapse, and on March 16, 2020 during the "316 crash." Created by ahr999, the indicator helps Bitcoin dollar-cost-averaging users combine timing strategies by reflecting short-term DCA returns and the deviation between Bitcoin's price and its expected valuation. Historically, the Ahr999 index has stayed below the 0.45 threshold for 572 days.