As Bitcoin (BTC) steadily makes its way toward its current all-time high (ATH) 
of $124,128, optimism seems to be returning to the market. However, fresh data 
from Binance shows that BTC’s gains barely outweigh the risks posed by the 
digital asset’s volatility. Bitcoin Maintaining A Risk-Reward Balance 
According to a CryptoQuant Quicktake post by contributor Arab Chain, latest 
data from Binance &#8211; the world’s leading cryptocurrency trading platform in 
terms of liquidity &#8211; suggests that BTC is currently maintaining a risk-reward 
balance. Related Reading: Bitcoin Funding Dynamics Shift As Binance Premium 
Signals Aggressive Longs Specifically, the Sharpe-like ratio on Binance 
currently stands at 0.18, a figure very close to neutral territory. To 
explain, a Sharpe-like ratio measures how much return an investment generates 
relative to the risk it takes, similar to the Sharpe ratio but often using 
adjusted benchmarks or risk measures. When the Sharpe-like ratio is above 0.5, 
investing in Bitcoin becomes attractive since the potential returns outweigh 
the risks. On the contrary, a negative reading of the ratio discourages 
investors from taking risks, since volatility exceeds returns. During 2024, 
when the cryptocurrency market was largely weak and volatile, the Sharpe-like 
ratio spent most of the time in the negative territory. In contrast, the ratio 
reached elevated levels, signaling a strong uptrend, at the beginning of 2025. 
Currently, the Bitcoin market is trading between the two extremes &#8211; the market 
is neither dangerous nor in a powerful uptrend. Notably, the market appears to 
be in a phase of equilibrium and accumulation, as it trades close to $119,000. 
Arab Chain added: The latest figures show that the 30-day average return 
stands at just 0.26%, highlighting that the market is not delivering outsized 
gains; investors entering now are likely to see only modest profits relative 
to risk. Meanwhile, 30-day volatility is around 1.37%, which indicates a 
natural, moderate level of price fluctuation &#8211; not excessively calm but not 
alarmingly unstable either. BTC Needs A Catalyst For Next Leg Up The 
CryptoQuant analyst added that the BTC market is currently awaiting a bullish 
catalyst or strong inflows to extend its uptrend. However, if the Sharpe-like 
ratio falls below zero again, then a period of price correction may follow. 
Related Reading: Bitcoin Momentum Indicator: Why 600,000 Transactions 
Threshold Matters Most On the flipside, the ratio sustaining above 0.5 for 
several days &#8211; coupled with a price breakout above the $120,000 to $122,000 
range on healthy volume &#8211; would suggest a fresh upward trend for the top 
cryptocurrency by market cap. Recent on-chain data hints toward a potential 
rally setup for BTC. Notably, the short-term holder (STH) spent output profit 
ratio (SOPR) recently recovered slightly to 0.995. That said, Bitcoin must 
defend the important $90,000 support level to avoid entering a new bear 
market. At press time, BTC trades at $118,788, up 1.3% in the past 24 hours. 
Featured image from Unsplash, charts from CryptoQuant and TradingView.com

Bitcoin Sharpe-Like Ratio Shows Market In Wait-and-See Mode At $119,000

The UK Treasury is reportedly considering keeping most of the 61,000 bitcoins 
seized from Chinese fraudsters in 2018, potentially to help address fiscal 
shortfalls. However, officials have warned against relying on the crypto due 
to the likelihood of a lengthy legal battle. Legal Warnings Over 61,000 BTC 
Seizure The United Kingdom (UK) Treasury is reportedly […]

Officials Warn Against Using Seized BTC to Fill UK Fiscal Gap Amid Legal Uncertainty

Two bipartisan bills to protect the data of all Americans were blocked by 
Senator Ted Cruz, who argued it may affect law enforcement efforts to track 
down criminals.

US Senator Ted Cruz pushes back on bill aimed to stop American doxing

Crypto.com is adding Morpho lending to Cronos, allowing users to earn 
stablecoin yields on wrapped BTC and ETH, mirroring Coinbase’s push into DeFi 
lending.

Crypto.com to integrate Morpho lending, bringing stablecoin yield to Cronos

VanEck&#8217;s move underscores increasing institutional interest in Ethereum 
staking, potentially boosting crypto market legitimacy and innovation.
The post VanEck registers Lido Staked Ethereum ETF in Delaware appeared first 
on Crypto Briefing.

Cryptocurrency price in CHF