#Bitcoin held on exchanges hasn’t been this low since the 2017 bull market run up

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Crypto winter again? 🤔

Am I too optimistic by saying this is a result of a better education to hold one’s own Satos ?

I think HODL-ing Satoshis is not a huge amount, even if million people are sats HODL-ers. IMHO much bigger forces are driving the market, aka the exchange rates. even if only 20% of all BTCs are on the crypto exchanges

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nice little 3 year downtrend :)