Definition. Bitcoin Risk Signal gauges the risk of a major drawdown in the Bitcoin price.

Technical. Built from a set of proprietary indicators, including Bitcoin price data, on-chain data, and a selection of other trading metrics.

Notes. For interpretation and methodology, see the signals dashboard, or explore Bitcoin Vector, a market regime framework.

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.