Woofun AI data shows that Bitcoin has declined approximately 28% year-to-date, with its 365-day rolling Sharpe Ratio falling to roughly -21. This figure represents the lowest point recorded since the end of 2022 and remains near -20.

The Sharpe Ratio measures risk-adjusted returns, where negative values indicate higher volatility risk compared to risk-free assets like the 10-year US Treasury bond.

Woofun AI notes that such extreme negative levels historically signal exhausted selling pressure, similar to conditions observed near bear market bottoms in 2015, 2019, and 2022.