Bitcoin on Exchanges Plunges as Investors Shift to Self-Custody

Bitcoin (BTC) reserves on exchanges have fallen to their lowest levels in years, reflecting a growing trend among investors toward self-custody as the cryptocurrency continues to surge. Bitcoin exchange reserves have plummeted to 2.6 million in CryptoQuant data that goes back to December 2021. That’s a 19% decline from 3.6 million, the all-time high since then, recorded in June 2022. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant