Bitcoin held on exchanges has PLUMMETED below 11% – a level not seen since early 2018! Where is it all going? 🤔
Turns out, more and more BTC is being withdrawn from platforms like Binance as investors embrace long-term holding. Think of it like everyone grabbing their coins and tucking them away for the future! 💰
Also, big institutions are increasingly using dedicated custody solutions instead of keeping their Bitcoin on exchanges. BlackRock and Fidelity are prime examples! Plus, remember the FTX fallout? Trust in exchanges took a hit, pushing people towards self-custody. 🛡️
Less Bitcoin on exchanges could mean less available for sale, potentially driving prices higher as demand increases. 🔥 Are you keeping an eye on this trend?
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