How Bitcoin’s falling reserve risk counters its price decline

Last week, Bitcoin’s price dropped from $29,400 to a low of $25,000. While this decline might appear modest given Bitcoin’s historical volatility, it signifies a notable departure from the tight trading range observed over the past two months.

Yet, even amidst this volatility, the confidence of long-term holders remains unshaken, a sentiment that is crucial to monitor as it often serves as a barometer for the market’s underlying health.