According to Odaily Planet Daily, according to data tracked by CryptoQuant, Bitcoin's "reserve risk" indicator is still entrenched in the green area below 0.002. Reserve risk is an indicator that measures the confidence of long-term holders, ranging from 0 to 1.

The lower indicator suggests that long-term holders are incentivized to hold on to Bitcoin at its prevailing market price rather than sell, implying favorable supply and demand dynamics and an attractive risk-reward ratio for users looking to make additional or new investments.

Indian cryptocurrency research firm MintingM said: "Reserve risk continues to remain in the green zone, which means that buying Bitcoin at current levels can still provide a high risk-reward. Investing in Bitcoin during green zone reserve risk periods can generate huge returns over time."