TL;DR
Full Story
The reserves of BTC on exchanges is the bottom it’s been in years.
Which is an efficient factor!
Right here’s what we imply:
Usually, individuals use exchanges to purchase and promote crypto (or onboard/offboard their fiat over to crypto).
When you’ve purchased no matter coin you’re out there for (e.g. BTC), you’ve received just a few choices – hold it on the trade (exposing it to the trade itself collapsing a la FTX, or different cyber hacks); or switch it off the trade to your personal self-custody pockets (the safer of the 2 choices).
If you happen to’re day buying and selling, chances are high you gained’t be sending it backwards and forwards between the trade and your pockets (paying a fuel charge every time).
However, when you’re seeking to purchase and maintain for the long term, transferring it off the trade to your personal self-custody pockets is well the most suitable choice.
Which is strictly what persons are doing (see header picture 👆).
Simply one other optimistic signal for crypto long run.
💎 🙌
