Bitcoin Sharpe Ratio Says It’s Time For ‘Cautious Optimism’ — Further Upside Growth Incoming?

The price of Bitcoin has dropped by nearly 4% over the last seven days, indicating the waning bullish momentum in the largest cryptocurrency market. This recent sluggishness has called into question the strength of the latest bull rally that saw the market leader climb to a new all-time high last week. According to an investment data platform, the price of BTC might not be done just yet with its bullish run, with the latest on-chain data suggesting room for further upside movement. Is BTC In An Overheated Market Condition Yet? Market analytics firm Alphractal took to the social media platform X to share an exciting on-chain insight into the current setup of the Bitcoin price source: https://www.newsbtc.com/news/bitcoin/bitcoin-sharpe-ratio-says-its-time-for-cautious-optimism/