Liquid Network Adds 300 BTC, Still 250 BTC Short
Blockstream transferred 300 BTC to the Liquid Federation wallet on November 2, reducing Liquid Network’s Bitcoin reserve shortfall to 250 BTC. The wallet now holds 4,018.95 BTC against 4,268.95 L-BTC in circulation, a backing ratio of 94.14%. The deposit advances recovery from a September 6 exploit that drained about 4,000 BTC; roughly 3,400 BTC was later returned, and Blockstream pledged to cover the remaining deficit. Liquid’s reserves are still below the amount of L-BTC outstanding, so peg-outs to native Bitcoin remain frozen until full backing is restored. Traders will be watching for the final 250 BTC deposit and the resumption of withdrawals.
Neutral
The reserve top-up is positive for Liquid’s ability to restore L-BTC backing and could improve confidence in the network over time. However, a 250 BTC shortfall remains, and L-BTC peg-outs are still frozen, leaving an ongoing operational and confidence risk for users. The development is specific to Liquid’s wrapped-Bitcoin system and does not directly change Bitcoin’s supply or fundamentals, so its likely direct effect on BTC’s market price is limited. Traders may monitor the final reserve payment and withdrawal reopening, but the update alone is unlikely to drive a sustained move in BTC.