Live markets: A bitcoin bottom signal flashed as holders absorbed 125,000 BTC in June (opens original article in a new tab)

Bitcoin's risk-adjusted return hit a level seen at past bear-market bottoms, with holders accumulating 125,000 BTC in June, while exchange reserves declined.

• Bitcoin's Sharpe ratio dropped to -20 on June 11, matching past bear-market bottoms
• Accumulator wallets absorbed 125,000 BTC in June's first half
• Exchange reserves fell 80,000 BTC since February to 2.71 million