Bitcoin's rally shows signs of pressure as inactive coins shift and liquidity wanes
The Bitcoin rally is losing steam as coins that have been held for long periods are beginning to move again, while liquidity on exchanges is shrinking. The Reserve Risk metric has been indicating selling pressure since 2024, coinciding with older BTC re‑entering the market amid diminishing inter‑exchange flows. These conditions could force the price to consolidate around the $90,000 level. Dormant Bitcoin holdings are waking up, adding extra supply to both exchanges and exchange‑traded funds. This influx of previously idle coins, combined with reduced cross‑exchange activity, heightens the risk of further downward pressure on prices.























