After 839 Days, Bitcoin HODL Waves Indicator Dips Below 'HODL Bottom'

BlockBeats News, February 1st, Cryptocurrency KOL Sea Bitcoin shared that, since October 16, 2023, after 839 days, the Bitcoin ahr999 Coin Days Destroyed indicator has dropped below 0.45 (bottoming line) for the first time.

BlockBeats Note: ahr999 = (Current Bitcoin Price / 200-Day Dollar Cost Average) × (Current Bitcoin Price / Index Growth Estimation)

200-Day Dollar Cost Average: The average cost of buying Bitcoin daily for the past 200 days (reflecting short-term DCA yield)

Index Growth Estimation: An index-fitted curve (logarithmic growth model) based on Bitcoin's historical prices and block height (or time), representing long-term "fair value" or expected valuation.