Bitcoin ahr999 Hoarding Indicator Falls Below 0.45 on Feb. 1, First Time in 839 Days

The Bitcoin ahr999 hoarding indicator fell below 0.45 on Feb. 1 for the first time since Oct. 16, 2023, Sea Bitcoin said via BlockBeats. The ahr999 metric equals (current Bitcoin price / 200-day DCA cost) × (current Bitcoin price / exponential growth estimate), where the 200-day DCA cost represents the average cost of buying equal amounts daily over the past 200 days and the exponential growth estimate is a log growth fit based on historical price and block height or time.