PANews reported on February 6 that Coinglass data shows the Bitcoin Ahr999 indicator has dropped to 0.27, significantly below the 'bottom line' (0.45). The last time the 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', the 'FTX explosion' event, and the '316 crash' event, respectively.

The Bitcoin Ahr999 indicator (also known as the ahr999 bottom indicator) was created by ahr999 (Nine Gods) and primarily helps long-term holders (HODLers) and dollar-cost averaging users determine the timing of purchases. Ahr999 = (Current Bitcoin price / 200-day dollar-cost average) × (Current Bitcoin price / Index growth valuation).