Bitcoin Sharpe Ratio Sinks To Historical Lows — Accumulation Next?

Since reaching its current all-time-high price of $126,000 in October last year, the Bitcoin market has been on a sell-off, translating into surmounting bear pressure. As a result, the flagship cryptocurrency has maintained a steady decline, falling until it recently reached $60,000 — a deviation of more than 52% from its all-time high. Bitcoin currently seems to be seeing a rebound, but price action alone reflects that it could as well be one of its short-term recoveries. Interestingly, a recent on-chain evaluation suggests that the current upward movement may be driven by a significant underlying metric source: https://www.newsbtc.com/news/bitcoin/bitcoin-sharpe-ratio-sinks-to-historical-lows-accumulation-next/