PANews on February 6 reports that Coinglass data shows the Bitcoin Ahr999 indicator has dropped to 0.27, significantly below the 'buying line' (0.45). The last time this index fell to this level was on June 18 and November 22, 2022, and March 16, 2020, when the market experienced 'ETH crash liquidation', 'FTX collapse' events, and '316 crash' events, respectively.

Bitcoin Ahr999 indicator (also known as ahr999 buying indicator) was created by ahr999 (Nine Gods) and primarily helps long-term holders (HODLers) and dollar-cost averaging users to determine the timing for buying. Ahr999 = (current Bitcoin price / 200-day dollar-cost averaging cost) × (current Bitcoin price / index growth valuation).