📉 Bitcoin Reserves on Centralized Exchanges Hit 4-Year Low 📉
🔹The number of held in CEX wallets has dipped to its lowest point since January 2018, standing at 2 million BTC (~$54.5 million).
🔸This decline followed the FTX exchange_s bankruptcy in November 2022, which led to a significant loss of trust in centralized platforms.
🔹Investors are increasingly turning to self-custody solutions, such as non-custodial wallets, allowing them to retain full control of their assets and mitigate the risks associated with exchange collapses.
👉 This shift underscores the importance of ownership and control in the crypto world. 🔐💼
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📉 Bitcoin Reserves on Centralized Exchanges Hit 4-Year Low 📉
🔹The number of held in CEX wallets has dipped to its lowest point since January 2018, standing at 2 million BTC (~$54.5 million).
🔸This decline followed the FTX exchange_s bankruptcy in November 2022, which led to a significant loss of trust in centralized platforms.
🔹Investors are increasingly turning to self-custody solutions, such as non-custodial wallets, allowing them to retain full control of their assets and mitigate the risks associated with exchange collapses.
👉 This shift underscores the importance of ownership and control in the crypto world. 🔐💼