Supply on centralized exchanges remains depleted despite an increase in Bitcoin network activity. Bulls might need to keep a cool head as 30-day SMA addresses had not finalized surpassing the 365-day SMA. The dishonesty of FTX, accompanied by the havoc experienced in 2022, led many Bitcoin [BTC] holders to switch to self-custody. However, other unaffected […]
The metric condition means that holders of the king coin had not exited their position on the safety of their assets being in their own hands. But with BTC putting up anHowever, a lot of factors could be at play besides the crash of the Sam Bankman- Fried -led exchange. Recently, Gemini has had its own share of troubles. Although in different circumstances, the
also have the tendency to negatively affect its users. Hence, this was another valid reason for BTC holders to overlook non-custodial platforms.that it has been on a non-stop increase. At the time of writing, it was 18.1 million, as BTC traded at $21,200.Moreso, BTC’s trend helped change the fortunes of some investors affected by the 2022 drawdown. This was because Bitcoin was back above the realized price. Hence, this ensured that the average BTC holder had their assets above the reds.
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