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PerlyCharts
Bitcoin

Reserve Risk

Reserve Risk

The price against long-term holders' conviction — low when they hold on while the price is cheap, high when they sell into strength.

4.4×10⁻⁶Price$84.5K
3×10⁻⁶5×10⁻⁶8×10⁻⁶2024 halving202425 Sept 202224 Sept 202424 Sept 2026perly.io

Bitview writes the metric on its own scale, so the levels are this series' own: every bottom since 2015 went under 5×10⁻⁶ and every top passed 8×10⁻⁶, each top lower than the last.

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How this is built

The price against long-term holders' conviction — low when they hold on while the price is cheap, high when they sell into strength.

FormulaRR = P / HODL bank

AuthorHans Hauge

The idea and the formula are Hans Hauge's. Perly claims no authorship of it — what is ours here is the drawing, computed from public data.