Bitcoin Ahr999 'Buy the Dip' Index Drops to 0.27, on Par with 'FTX Rug Pull' and '3/16 Crash' Levels

BlockBeats News, February 6th, according to Coinglass data, the Bitcoin Ahr999 indicator dropped to 0.27, significantly below the "buying the dip" line (0.45).

The last time this index fell to this level can be traced back to June 18, 2022, and November 22, 2022, when the market experienced the "ETH market crash" and "FTX liquidation" events, respectively. Going further back, it dates back to March 16, 2020, during the "3/16 crash" event.

This index was created by ahr999 to assist Bitcoin dollar-cost averaging users in making investment decisions based on timing strategies. The index implies the return on short-term Bitcoin dollar-cost averaging and the deviation of the Bitcoin price from its expected valuation. In Bitcoin's history, there have been 572 days where the Ahr999 index was below the buy-the-dip line (0.45).