Bitcoin ‘Risk Index’ Hits Zero, Has Selling Pressure Finally Exhausted?

The Bitcoin Risk Index just hit zero, “a full low-risk regime,” reported Swissblock on Tuesday. The metric is a proprietary indicator that gauges the overall risk level in the Bitcoin market. It essentially measures the relative balance between selling and buying pressure, and how “risky” it is to hold or buy BTC. Swissblock noted that it signals reduced selling pressure, a completion of the bottoming phase (but not …