**Bitcoin's Reserve Risk Indicator Signals Strong Conviction Among Long-Term Holders 🚀**

Bitcoin's reserve risk indicator is showing strong conviction among long-term holders, presenting an appealing risk-reward ratio for both existing and potential investors. This on-chain metric, which successfully predicted the bull run in early 2023, remains in the green zone below 0.002, suggesting favorable demand-supply dynamics.

- **Key Points:**

- Reserve risk below 0.002 indicates long-term holders prefer holding over selling.

- Historically, this green zone marks the transition from bear to bull markets.

- Other metrics also show a return to holding strategies after profit-taking earlier this year.

Bitcoin is currently trading at $64,420, up 0.3% in the last 24 hours. What are your thoughts on the current market sentiment? Drop your comments below!