Coin World News, Bitcoin (BTC) is currently priced at $62,791.53, down 28% year-to-date. Bitcoin's 365-day rolling Sharpe Ratio fell to -21 at the end of June, the lowest since 2022, and has recently been hovering around -20. This deeply negative value indicates that Bitcoin investors have endured additional market volatility during this period while earning returns far lower than those of risk-free investments (such as 10-year U.S. Treasury bonds). The Sharpe Ratio is calculated by subtracting the risk-free rate from the asset's total return, then dividing the result by the asset's standard deviation (a measure of price volatility). A positive Sharpe Ratio means investors are rewarded for taking on volatility risk, while a negative value indicates they are penalized.