BTC has recovered by 2.21% from $76,000 to $84,000, yet the Sharpe ratio signals increasing market risk. As macroeconomic instability prevails, investor sentiment remains bearish, driving many to sell their positions to avoid potential losses.

Long-term holders show a negative position change, indicating capitulation under market pressure. Historically, volatility correlates with lower profitability, but an MVRV ratio below 2 suggests a market bottom, offering a glimmer of hope for future recovery in BTC prices.