Post
Topic
Board Speculation
Re: The BTC deep continues for the next SIX Months.
by
rat03gopoh
on 26/02/2023, 01:40:58 UTC
BBC market news shows that the number of people trading bitcoin in 2020-2023 has drastically reduced compared to 2013-2015 figures

People are becoming more and more aware of "your keys your coins" after the collapse of some centralized services.
Here are some charts[1] that show:

Bitcoin holdings by centralized exchanges are on
the decline.
⠀⠀
Massive withdrawals at the time of the collapse of
Terra UST (around May) and FTX alongside Blockfi's
bankruptcy (in November).



1. https://cointelegraph.com/news/bitcoin-exchange-withdrawals-sink-to-7-month-low-as-users-forget-ftx