Bitcoin metric near ‘low-risk’ zone after holders absorb 125K BTC in June: Time for a rebound?

Bitcoin’s Sharpe ratio and a 125,000 BTC increase in BTC accumulator demand mark the start of a new demand phase. Will prices follow?

Bitcoin’s (BTC) risk-adjusted return profile is approaching levels historically aligned with long-term accumulation zones. The Sharpe ratio, a metric that measures return relative to volatility, dropped to -20, a threshold that marked major Bitcoin bottoms in every bear market since 2015.

At the same time, BTC exchange reserves have fallen by roughly 80,000 BTC since February, while demand from accumulator addresses more than doubled to 240,000 BTC from 115,000 BTC during the first two weeks of June.

BTC's Sharpe ratio revisits a historical bottom zone

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