Bitcoin’s short-term Sharpe Ratio is back in deeply negative territory — the same kind of zone people point to around 2015, 2019, and 2022 when cycle bottoms started forming. Basically it means returns are bad, volatility is high, and everyone feels like holding BTC was a mistake. Which… is usually when bottoms happen.
Not saying “bottom confirmed,” but historically real bottoms feel terrible in real time, not obvious. Even a lot of Reddit traders keep saying the same thing — the hardest part is buying when it feels irrational, not when the chart looks safe
Do you think this is actual capitulation, or just another pause before more downside?
BTC Sharpe Ratio Deep in the Red — Capitulation or Just Another Fake Bottom?
byu/Enough_Angle_7839 inbtc
Posted by Enough_Angle_7839
1 Comment
First we go 80s