PANews reported on February 6th that Coinglass data shows the Bitcoin Ahr999 indicator has dropped to 0.27, significantly below the "buy the dip" 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 bottom-fishing indicator) was created by ahr999 (九神) and is mainly used to help long-term holders (HODLers) and dollar-cost averaging (DCA) investors determine the right time to buy. Ahr999 = (Current Bitcoin price / 200-day DCA cost) × (Current Bitcoin price / Exponential growth valuation).