IMPORTANT MESSAGE: Benzinga's internal motto is "By the People, For the People"" and for this reason we are giving away our #1 options trade alerts for only $1 today only. Click Here Now to Get 2 Bear Market Beating Options Trade Alerts for $1.
had a couple of bad months, which recent on-chain data analysis revealed that Bitcoin addresses in profit recently reached nearly 55.7% — which means most are profiting, but it is a two-year low nonetheless.
What Happened: On-chain data-based metric reserve risk paints a ray of hope into Bitcoin's currently gloomy market. According to data shared in a Tuesday tweet by an account of Glassnode dedicated to sharing findings of the blockchain data firm, Bitcoin's reserve risk reached an all-time low of 0.000024.
Market whisperer Matt Maley has just released his long-term undervalued stock pick. If you are looking for a high-percentage set it and forget type of investment then Click Here to Get This Next Pick!
Why It Matters: The reserve risk is defined as the confidence of long-term Bitcoin holders relative to the price of the coin at any given time. When the confidence is high and the price is low, this sends a strong buy signal for long-term traders and investors.
Glassnode wrote that "Reserve Risk is low when HODLer conviction is high, unspent opportunity cost is increasing, and price is low and thus, there is an attractive risk/reward to invest."
Currently, the reserve risk is deep into the green zone, so deep that it has not been this low ever before. Look Into Bitcoin claims:
"Investing in Bitcoin during periods where Reserve Risk is in the green zone has produced outsized returns over time."
If you are not using this bear market beating strategy, you are leaving money on the table...
If you are blindly looking up and trading stocks the way 99% of traders are, you are missing on HUGE potential returns especially in this crazy market. Even new traders who started following this options trading strategy instantly began seeing a new perspective in how the markets move. With even two trades per month with this strategy, you will start seeing the difference in your trading strategies. Don't waste any more time "guessing" and "getting lucky". Click Here Now to See if You Qualify!
If you are a new trader then you need to read this...
Most new traders struggle at first to make sense of the markets and how to put their portfolio in a position to flourish. Many try to start on their own and quickly end up with a string of losses, slowly seeing their accounts dwindle to what it started off as... Don't let this happen to you. By joining a vetted educational platform built for new traders, you will be taken step by step by a former hedge fund trader who managed billions of dollars. This is exactly what Benzinga Trading School is doing by helping traders overcome the initial challenges and to help them thrive and to learn how professionals earn a consistent profit in any market condition. For today only, you can try Benzinga Trading School yourself for 7 days risk free.