When confidence is high and price is low then there is an attractive risk/reward to invest in Bitcoin at that time (green zone). When confidence is low and price is high then risk/reward is unattractive (red zone).
Investing in Bitcoin during periods where Reserve Risk is in the green zone has produced outsized returns over time.
The reserve risk continues to remain in green zone which means buying $BTC at the current levels, still offers an extraordinary reward to risk