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TechFlow reports, according to data from cryptocurrency data platform Glassnode, more than 37,000 BTC (worth $1.4 billion) have been withdrawn from exchanges since November 17, indicating investors are self-custodying their tokens.
The BTC outflows may be linked to Binance's guilty plea and suggest holders are favoring a long-term holding strategy.
Data from on-chain analytics platform Glassnode shows that over 37,000 BTC (worth $1.4 billion) has been withdrawn from exchanges since November 17, indicating investors are self-custodying their tokens.
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