Bitcoin 30-Day Sharpe Ratio Hits 38.38, a Historic Negative Reading

Bitcoin's 30-day Sharpe Ratio reached 38.38 on March 15, 2025, indicating extreme negative risk-adjusted returns that have historically preceded price recoveries, CryptoQuant contributor MorenoDV said. The reading exceeds prior extremes in both magnitude and duration, with recent losses sizable relative to price volatility. Referencing similar extremes in 2015, 2019 and 2022 that preceded recoveries, MorenoDV viewed medium to long term as favorable for profit expectations, but cautioned that a macro liquidity shock could prolong the bottoming process.