coin-img-XAUTXAUT+0.33%coin-img-HYPEHYPE-1.29%coin-img-PAXGPAXG+0.41%coin-img-WLFIWLFI+4.79%coin-img-ASTERASTER-3.65%coin-img-ONDOONDO-6.35%coin-img-ZAMAZAMA-8.19%coin-img-ETHETH-4.91%coin-img-XAUTXAUT+0.33%coin-img-HYPEHYPE-1.29%coin-img-PAXGPAXG+0.41%coin-img-WLFIWLFI+4.79%coin-img-ASTERASTER-3.65%coin-img-ONDOONDO-6.35%coin-img-ZAMAZAMA-8.19%coin-img-ETHETH-4.91%coin-img-XAUTXAUT+0.33%coin-img-HYPEHYPE-1.29%coin-img-PAXGPAXG+0.41%coin-img-WLFIWLFI+4.79%coin-img-ASTERASTER-3.65%coin-img-ONDOONDO-6.35%coin-img-ZAMAZAMA-8.19%coin-img-ETHETH-4.91%coin-img-XAUTXAUT+0.33%coin-img-HYPEHYPE-1.29%coin-img-PAXGPAXG+0.41%coin-img-WLFIWLFI+4.79%coin-img-ASTERASTER-3.65%coin-img-ONDOONDO-6.35%coin-img-ZAMAZAMA-8.19%coin-img-ETHETH-4.91%

Bitcoin Sharpe Ratio Drops to -10, Lowest Since March 2023

Bitcoin's Sharpe ratio fell to -10 on Feb. 9, the lowest level since March 2023, CryptoQuant analyst Darkfost said. The metric, which measures risk-adjusted returns, has reached levels historically seen near bear market troughs in late 2022 to early 2023 and late 2018 to early 2019, though the analyst cautioned this does not confirm the bear phase has ended. The ratio last dropped to zero in November 2025 when Bitcoin touched a local low of $82,000, and a negative reading typically precedes a market turning point but does not by itself signal a trend reversal, Darkfost added.
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BTC-2.69%
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