Bitcoin's Ahr999 indicator has fallen below the buy the dips level to 0.27, similar to the levels seen during the FTX crash and the "316" crash.

According to ME News, on February 6th (UTC+8), Coinglass data showed that the Bitcoin Ahr999 indicator dropped to 0.27, significantly below the "buy the dips" level (0.45). The index last fell to this level on June 18th and November 22nd, 2022, and March 16th, 2020, respectively, coinciding with the "ETH crash and liquidation," the "FTX collapse," and the "316 crash." The Bitcoin Ahr999 indicator (also known as the ahr999 buy the dips indicator) was created by ahr999 (九神) and primarily helps long-term holders (HODLers) and dollar-cost averaging (DCA) investors determine entry points. Ahr999 = (Current Bitcoin Price / 200-day DCA Cost) × (Current Bitcoin Price / Exponential Growth Valuation). (Source: ME)