"Despite Bitcoin's recent price drop from $29,400 to $25,000, the confidence of long-term holders remains unshaken. This conviction is reflected in an often overlooked on-chain metric: Bitcoin's reserve risk. But why is this metric so crucial, and what does it reveal about the current market sentiment? Delving deeper into these questions, we uncover startling insights about Bitcoin's long-term potential... Will this knowledge affect your investment strategy?"
How Bitcoin’s falling reserve risk counters its price decline
08/26/2023 08:00
The drop in both Bitcoin’s price and reserve risk implies that even as the price dipped, the confidence of long-term holders surged.
How Bitcoin’s falling reserve risk counters its price decline 9 seconds ago · 2 min read
Bitcoin's reserve risk shows long-term holder confidence strengthened despite recent price dip.
2 min read
Updated: August 25, 2023 at 9:58 pm
Cover art/illustration via CryptoSlate