😱 Bitcoin’s Sharpe Ratio indicates that we are in an advanced stage of a bear market. The risk-adjusted profile compared to one year ago is lower, signaling reduced return opportunities at current levels. Allocating to #BTC today suggests lower expected returns in the coming months, although the relative risk is also lower. Historically, lower Sharpe Ratio readings have coincided with #major bottom formations. While we have not reached that extreme yet, we are getting close. #crypto