CryptoCoinDesk2 days ago
Bitcoin bottom signal flashes as holders absorb 125,000 BTC
1 min read
Bitcoin's Sharpe ratio dropped to -20 on June 11, a level that marked every cycle low since 2015. Accumulator wallets absorbed 125,000 BTC in the first half of June. Exchange reserves fell 80,000 BTC since February to 2.71 million. The signal indicates a floor forming, not an immediate rebound.
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