Bitcoin Ahr999 Indicator Plunges to 0.27, Echoing FTX Collapse and March 2020 Crash Levels

The Bitcoin Ahr999 indicator registered a significant drop to 0.27 on Feb. 6, according to Coinglass data cited by BlockBeats. This reading places the metric well below its established 'bottom-buy line' of 0.45, signaling a potentially critical market juncture. Historically, the Ahr999 indicator has only reached this low level during periods of extreme market stress, specifically on June 18, 2022, amidst the ETH liquidation plunge, on Nov. 22, 2022, during the FTX exchange collapse, and on March 16, 2020, coinciding with the '316 crash.' Developed by ahr999, this indicator assists Bitcoin dollar-cost-averaging users by assessing short-term returns and the deviation between Bitcoin's price and its expected valuation, with the index historically remaining below 0.45 for 572 days.