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Bitcoin's Path to Recovery 'Unclear' Amid Macro Headwinds

by Decrypt
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Bitcoin's Path to Recovery 'Unclear' Amid Macro Headwinds

In brief

  • Macro headwinds are overwhelming historically reliable indicators even as Bitcoin flashes rare buy signals, analysts argue.
  • Bitcoin’s Sharpe ratio dropped to -40, a capitulation level seen only four times since 2015, while the USDT 60-day market cap fell below -$3B, signaling liquidity withdrawal and forced deleveraging.
  • Experts are split, with some seeing a late-cycle flush, while others warn price confirmation is still needed.

Bitcoin is flashing rare buy signals not seen since previous…

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