Indicator explanation The AHR999 hoarding indicator was created by Weibo user ahr999. Its purpose is to assist Bitcoin fixed investment users to make investment decisions in combination with opportunistic strategies. This indicator implies the rate of return of Bitcoin’s short-term fixed investment and the deviation between Bitcoin price and expected valuation. From a long-term perspective, the Bitcoin price is positively correlated with the block height. At the same time, with the advantage of the fixed investment method, users can also control the short-term fixed investment cost, and then make most of it below the Bitcoin price. “