📉 Is the bear market final? Sharpe at a minimum, whales accumulating
🪙 The Sharpe ratio for Bitcoin has fallen to -10 — the lowest since March 2023. Analyst CryptoQuant notes that similar values were previously recorded at the bottom of the cycles in 2018 and 2022. Although risks still exceed potential returns, such phases often precede a reversal $BTC
🔺 Meanwhile, the background remains weak:
🔵 interest in crypto on Google has fallen to an annual minimum $BTC
🔵 the fear and greed index is in the "extreme fear" zone (14);
🔵 analysts say there are no clear drivers of growth.
🐳 Against this backdrop, large players are taking advantage of the downturn: on February 6, addresses for accumulation received 66,940 BTC $BTC — the largest inflow of the cycle.
✍️ Retail is in fear, whales are buying. Is the market close to a turning point?
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