Bitcoin Held On Exchanges Hits Five Year Low

“The five and a half year low is a good sign of increased interest in self custody for traders, and less potentially at risk to be sold back to exchange wallets,” market intelligence firm Santiment wrote.Roughly 1.1 million BTC has left custodial services since the peak in March 2020, when 3.2 million BTC were sitting on exchange wallets.Approximately ~2 million BTC is still in exchange wallets.

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