The Bitcoin Risk Signal gauges the amount of risk of a major drawdown in bitcoin price. It is based on a set of proprietary indicators, including bitcoin price data, on-chain data, and a selection of other trading metrics.

For more information on its interpretation and methodology see this dashboard.

This is the Point-in-Time (PiT) variant of Bitcoin Risk Signal. PiT metrics are strictly append-only and their history is immutable. The historic data does not necessarily reflect the best current knowledge, but the information at the time when a data point was first computed. PiT metrics are ideal candidates for applications in model backtesting and related quantitative purposes. Read our article on PiT metrics for more information.