Gives u some reality that self custody is where a lot of coins have gone

Just under 100k coins for the month out of exchanges… GOOD!

I don’t remember exchange balance being lower than it is right now…. It may have

But you have to calculate the “holdings in exchange funds” for the ETFs like BlackRock have 300,000+ custodied at coinbase

So u need to deduct all that from the total

My best guess is there is 1.08m #bitcoin left to actually buy

I’d suggest in my own opinion exchanges have sold Bitcoin to custodian customers that aren’t there….

A bigger self custody movement would either prove me right or wrong…. Happy to be either

#btc 2024