Definition ∞ A three year low indicates that an asset’s price has fallen to its lowest point recorded over the preceding 36 months. This technical and psychological marker suggests a significant period of price depreciation, often reflecting sustained bearish sentiment or fundamental challenges for the asset. Reaching a three year low can trigger further selling pressure as investors who bought at higher prices exit their positions. It represents a critical test of an asset’s long-term support levels and investor confidence.
Context ∞ News reporting on an asset hitting a three year low often signals deep market distress and raises questions about its future prospects. While it represents a period of significant losses for many holders, some long-term investors may view it as a potential accumulation zone, anticipating a future recovery. The ability of an asset to rebound from such a low is a key indicator of its resilience and underlying value.
Blockchain Knowledge
Cryptocurrency Foundation
Cryptospace Newsfeed
