"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 How Bitcoin’s falling reserve risk counters its price decline
Bitcoin's reserve risk shows long-term holder confidence strengthened despite recent price dip.
2 min read
Updated: Aug. 25, 2023 at 9:58 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
