Ninjastic
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Board Bitcoin Discussion
Re: 15M BTC goes into self custody
by
teosanru
on 04/12/2022, 19:32:47 UTC
Quote from: Husires on December 02, 2022, 12:30:21 PM
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.

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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?
Excellent infographics and I think these really actually depict what you are saying. This seriously means that people are taking things seriously and they are doing what actually they should have done from very start. Moreover obviously with the world's second biggest exchange going bankrupt like this it's obvious your trust on such systems goes very down. But yes you are eight it can be temporary as well because people really forget these things in long term when they see ease.