The annualized Sharpe Ratio of Bitcoin is declining, reaching levels similar to those in 2023, 2020, 2019, and 2016, and entering a neutrality zone (near 0). This indicator, which measures risk-adjusted return per year, shows that BTC is offering less return per unit of risk. Historically, when the annualized Sharpe Ratio drops, Bitcoin's price tends to enter phases of consolidation or correction, as seen in those years, before new movements. Heads up: this could signal a market pause, with consolidation in the coming weeks being the most likely scenario.

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