PANews reported on February 6th that data from Coinglass shows the Bitcoin Ahr999 indicator has dropped to 0.27, significantly below the “bottom-fishing line” (0.45). The last time this index fell to this level was on June 18 and November 22, 2022, as well as March 16, 2020, when the market experienced the “ETH crash liquidation,” “FTX explosion,” and “316 crash” events, respectively.
The Bitcoin Ahr999 indicator (also called the ahr999 bottom-fishing indicator) was created by ahr999 (Nine Gods) and mainly helps long-term holders (HODLers) and dollar-cost averaging users determine the right buying opportunity. Ahr999 = (Current Bitcoin Price / 200-day DCA Cost) × (Current Bitcoin Price / Estimated Growth Valuation).
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Crypto Analyst and Expert Says Bull Market Is Confirmed as Bitcoin Survives Shakeout
Crypto analyst and expert says bull market is confirmed.
Bitcoin survives a shakeout nd mirrors 2022 price chart.
This shows a positive sign for BTC to set a new ATH price soon.
The crypto market seems to be heading into a strong recovery phase as the price of Bitcoin (BTC) recovers pr
CryptoNewsLand43m ago
Bitcoin Holds Steady Amid Middle East Escalation
Bitcoin remains resilient at $70K despite escalating Middle East tensions, reflecting strong investor confidence with exchange-held assets at a six-year low. Market participants show stability amidst volatility, demonstrating a capacity to price geopolitical risks.
CryptoFrontNews1h ago
Michael Saylor Releases Bitcoin Tracker Information Again; MicroStrategy May Disclose Increased Holdings Data Next Week
Gate News report: On March 15th, Strategy founder Michael Saylor released information about Bitcoin Tracker again and wrote: "Stretch the Orange Dots." Based on previous patterns, Strategy typically discloses bitcoin holdings increases the day after releasing relevant information, with the market expecting new increase data to be announced next week.
GateNews1h ago
Brave Introduces Cross-Chain Swaps for Bitcoin, Solana, Zcash, and Cardano Supported by NEAR Intents
Brave Wallet v1.88 added NEAR Intents, enabling cross-chain swaps across Bitcoin, Solana, Zcash, Cardano, and EVM networks.
NEAR Intents has processed over 19 million swaps and more than $14 billion in volume across 35 chains before this wallet integration.
Brave has added NEAR Intents to it
CryptoNewsFlash1h ago
