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Bitcoin risk-adjusted performance metric nears bottom zone

Bitcoin’s Sharpe ratio, a key gauge of risk-adjusted returns, has fallen to levels close to those seen in major past downturns, pointing to a potential market turning point. Cointelegraph reported the ratio slid to -10. CryptoQuant analyst Darkfost said this reflects an extreme deterioration in risk-reward rather than proof the bear market has ended. Analysts say the phase could last months and further corrections cannot be ruled out.