Bitcoin exchange outflows surge as 'not your keys, not your crypto' comes back into fashion
— Trading move involves risk, Put limits, January, Floor, Author, Severity, Decision, Indicating, Traders, Bitcoin addresses purged — 1 min read
The price of Bitcoin (BTC) fell 37.9% in June, its worst monthly performance since 2011. A majority of the so-called Bitcoin “tourists” have now exited the space, leaving only the most dedicated holders remaining. However, several metrics suggest that the outlook isn’t as dire as some are predicting and that the hodler base of the crypto market remains strong. The ethos of “not your keys, not your crypto” is once again gaining traction in the crypto community as traders have been withdrawing their tokens from exchanges at a frantic pace. The likelihood of further capitulation decreases when tokens are locked in cold storage and not readily available to sell on exchanges, according to Glassnode. Source