BITCOIN'S SPENDABLE RESERVES HIT 3-MONTH LOW 🟢
• Spendable reserves, a key on-chain metric, have dropped to a 3-month low of 1.14M BTC.
• This indicates that more BTC is being held in cold storage, potentially signaling a decrease in market volatility.
• As of writing, BTC price is $85,260.00, with a 0.6% 24h increase.
• A low spendable reserve ratio can also be a sign of increased HODLing, where investors are holding onto their coins for the long term.
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#crypto #newsdaily #news #BREAKING #BTC $BTC $ETH
• Spendable reserves, a key on-chain metric, have dropped to a 3-month low of 1.14M BTC.
• This indicates that more BTC is being held in cold storage, potentially signaling a decrease in market volatility.
• As of writing, BTC price is $85,260.00, with a 0.6% 24h increase.
• A low spendable reserve ratio can also be a sign of increased HODLing, where investors are holding onto their coins for the long term.
👍 Like and follow for more informative content like this!
#crypto #newsdaily #news #BREAKING #BTC $BTC $ETH
