according to Glassnode on-chain data analyzed by Cryptoslate, leaving less than 22% of all mined BTC moving around and exchanging hands.
These indicators show that investors are starting to withdraw their digital assets away from the exchanges, whether using wallets or other methods.
Indices measure the movement of currencies as a function of whether the transaction is in cold storage or in a hot wallet.
Source: https://cryptoslate.com/research-2nd-december-the-15m-bitcoin-just-went-into-self-custody/
Is everyone beginning to understand Not your Keys, Not your coins , or is it temporary because of FTX?
These indicators show that investors are starting to withdraw their digital assets away from the exchanges, whether using wallets or other methods.
Indices measure the movement of currencies as a function of whether the transaction is in cold storage or in a hot wallet.
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Think of illiquidity as the point when Bitcoin moves to a wallet that shows no spending history, while liquidity is when BTC moves to wallets that have a history of spending such as hot wallets and exchanges.
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The chart above demonstrates the amount of highly liquid and liquid BTC assets and shows the figures are currently 3 million and 1.3 million coins respectively. The data is clear that both liquid and highly liquid supply have been trending downwards amidst the current market turmoil
Source: https://cryptoslate.com/research-2nd-december-the-15m-bitcoin-just-went-into-self-custody/
Is everyone beginning to understand Not your Keys, Not your coins , or is it temporary because of FTX?