Bitcoin's (BTC) accumulated 365-day return fell to approximately 0.514, leaving the asset with a value equivalent to about 51% of that recorded a year ago and making the one-year period unprofitable for those who bought and held the cryptocurrency. U.Today reported on Friday (14).
The indicator, called the 365-day ROI, compares the current price with that of 12 months earlier. Readings above 1 indicate a gain; at 1, the investor breaks even. The current level of 0.514 represents a loss of approximately 49% in the period.
Technical context
Bitcoin trades at about US$ 62,900, unable to break out of its recent consolidation. The price is below short-term moving averages, which sit between US$ 63,400 and US$ 63,900, while the 100-day average remains at US$ 66,500 and the 200-day at US$ 71,800.
The daily RSI is around 42.5, below the signal average of approximately 49, but still far from the oversold zone. This scenario indicates that sellers still have room to pressure prices.
History and recovery
In previous bear cycles, such as 2014–2015, 2018–2019 and 2022, the 365-day ROI remained below 1 for long periods. The current reading, however, does not necessarily point to a market bottom: historically, the indicator can remain low and fall even further before a sustained recovery.
The indicator describes behavior already observed and does not, by itself, serve as a buy signal. For bitcoin to again surpass the 1.0 mark in annual ROI, a sustained rally would be needed, one capable of reversing an entire year of negative performance. So far, holding the cryptocurrency for 12 months has resulted in a significant loss.
