Liquid Network's reserve shortfall has narrowed from 550 BTC to 250 BTC following a 300 BTC top-up, lifting estimated L-BTC backing coverage to 94.14%. The improvement marks progress in the ongoing recovery effort to restore full collateralization of the wrapped Bitcoin asset on Liquid. Under the current recovery plan, direct federation peg-outs will remain suspended until L-BTC achieves 100% backing. The remaining 250 BTC gap must be closed before users can resume withdrawing native Bitcoin directly through the federation mechanism.