Glassnode: profitability-RSI signal cut Bitcoin drawdown to 20% vs 53% for buy-and-hold
- —Backtest covers the period from July 2023 through October 27
- —Strategy drawdown was 20% versus 53% for buy-and-hold, a 33 pp gap
- —Signal is based on the 30-day RSI of an on-chain profitability indicator
- —Glassnode did not disclose total returns or the threshold value
Why it matters: The figures compare risk, not returns, so they do not prove the signal outperforms simply holding Bitcoin.
Source: Koin Bülteni