Bitcoin's Sharpe ratio hit a level that has marked every cycle low since 2015, but in each case it preceded months of basing rather than an immediate rebound.
The Federal Reserve maintained interest rates, but adopted a hawkish stance with Warsh taking over. Simultaneously, Bitcoin's Sharpe ratio reached a cycle low, a level historically followed by prolonged basing periods rather than swift recoveries since 2015. This suggests a…
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