Bitcoin’s One-Year Holding Return Plunges 49%: Why It’s Too Soon to Call a Bottom

BitcoinWorld Bitcoin’s One-Year Holding Return Plunges 49%: Why It’s Too Soon to Call a Bottom Bitcoin’s one-year holding return has dropped to approximately -49%, a level that historically has coincided with bear market lows.

However, analysts caution that this metric alone is not a reliable buy signal, and the market may still face further downside. Understanding the One-Year Holding Return The 365-day holding return measures the percentage change in Bitcoin’s price over the past year.

A reading of 0.514 indicates that Bitcoin is trading at about 51% of its value from a year ago, translating to a 49% loss. This metric has previously dipped below the breakeven level of 1.0 during the 2014-2015, 2018-2019, and 2022 bear markets.

In some of those periods, the metric remained depressed for months or even declined further, suggesting that a low reading does not necessarily mark an immediate bottom.