Live markets: A bitcoin bottom signal flashed as holders absorbed 125,000 BTC in June

live Updated just now Live markets: A bitcoin bottom signal flashed as holders absorbed 125,000 BTC in June Bitcoin's Sharpe ratio hit a level that has marked every cycle low since 2015, but in each case it preceded months of basing rather than an immediate rebound. By Shaurya Malwa Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email just now · 5:01 AM Shaurya Malwa Share Share this post Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin's Sharpe ratio hit a level that has marked every cycle low since 2015 Bitcoin's risk-adjusted return has fallen to a level that has marked every bear-market bottom of the past decade, the latest on-chain reading to point toward accumulation rather than more downside. The Sharpe ratio, which measures return against volatility, dropped to -20 on June 11, according to CryptoQuant data reviewed by CoinDesk. It hit that mark at the 2015, 2018-19 and 2022-23 cycle lows. The catch is what came next. In all three cases, -20 marked the start of a long base rather than a launch. The metric stayed below the line for about five months in 2015 and roughly three months each in 2018-19 and 2022-23 before bitcoin began a durable recovery. So the signal can be interpreted as the floor is forming, not that the rebound has arrived. Meanwhile, Accumulator wallets, the addresses with a history of holding rather than selling, took in about 125,000 BTC in the first half of June. Exchange reserves have fallen roughly 80,000 BTC since February to about 2.71 million, and whales pulled more than 11,000 off exchanges in the past day. This is the latest in a run of on-chain bottom signals over two weeks, after similar calls from valuation and sentiment gauges. They measure accumulation and exhaustion, not flows, and the driver of bitcoin's recovery from its $59,130 low to about $65,800 was the US-Iran deal, not the metrics, per CoinDesk data. Today's FOMC decision, Kevin Warsh's first as chair, is the next test. A hold is nearly fully priced, so the dot plot and Warsh's tone on inflation will decide whether the recovery extends. Latest Crypto News 1 XRP gives back breakout gains, slipping below $1.23 on heavy selling 21 minutes ago 2 Uniswap jumps 22% and altcoins rip while bitcoin stalls before the Fed 25 minutes ago 3 Here is why Strategy's dividend-paying crypto stock is crashing to near-historic lows 7 hours ago 4 Bitcoin miners' AI pivot faces $50 billion reality check, says VanEck 8 hours ago 5 U.S. senators urge Treasury not to leave states out of GENIUS Act stablecoin process 8 hours ago 6 Hyperliquid, Uniswap and Worldcoin buck crypto slump as traders chase AI, DeFi trends 8 hours ago 7 Coinbase intoduces AI advisor, stock options, and pre-IPO markets in finance push 10 hours ago 8 Ripple invests in Flutterwave, pushing its stablecoin and XRP Ledger into payments across Africa 13 hours ago 9 Coinbase to join tokenized stock race with onchain shares, dividend payments 13 hours ago 10 Binance says its European regulatory application is compliant despite report of Greek rejection 14 hours ago Latest Research CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. By CoinDesk Research Jun 15, 2026 In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. Why it matters : In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. View Full Report More From Tech Ethereum’s biggest protocol overhaul in years moves into its final development stage Y Combinator reveals a new AI agent that can build and run an entire business just from a text message Live markets: Bitcoin falls below $66,000 as SpaceX rallies on Cursor agreement