Some of you still haven't understood that if most people store IOUs on CEX the marketmakers and naked short can print any profitable number.
It doesn't even matter that 15 M coins are in self-custody when paper markets define the price with only 1M real coins.
Bitcoin value on CEX is arbitrary and easy to manipulate. You want 80%+ of the volume traded on DEX.
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It doesn't matter if you increase self-custody if price is made on CEX.
I mean it has positive influence, but it is minor.
With 1M coins they can move the market as if they had 5 to 10M coins.