The moves are hardly surprising considering that FTX, the world’s second-largest exchange, was considered pretty much bulletproof. The collapse of the exchange proves that it was not too big to fail, especially if it didn’t have the reserves to cover the bank run that occurred.
Over the past week or so, Bitcoin investors have been moving their assets off exchanges and into self-custody wallets.
There has been the biggest spike in on-chain wallet activity in Bitcoin history, according to analytics provider Glassnode.
In direct response to the failure of FTX, #Bitcoin investors, of all wallet cohorts, have made a distinct behavioural shift towards self-custody.
From Shrimp, to Whales, #Bitcoin onchain balances are on the rise
Read more in The Week On-chainhttps://t.co/cVUE7QHbtQ pic.twitter.com/uIxUIcI46a
— glassnode (@glassnode) November 14, 2022
Bitcoin Hodlers Wary of CEXes
In its ‘Week On-chain’ published on Nov. 14, Glassnode reported that exchanges have seen one of the l
We współpracy z: https://cryptopotato.com/bitcoin-hodlers-make-self-custody-moves-after-ftx-fiasco/
