Coins are leaving exchanges even while price drifts sideways.
CryptoQuant data (via EconoTimes) shows a net outflow of 14,437 BTC from exchanges, with reserves at 2,455,136 BTC, down 0.59%. SOPR sits at 0.9933, meaning coins moved on-chain were realized at a small aggregate loss. Fear & Greed reads 34.
My take: outflows can mean holders are moving coins to self-custody, but the loss-taking shows some sellers are still capitulating. Mixed signals, so patience matters. Especially after the recent exchange hack headlines, where you keep your coins is a live question.
Where do you keep most of your $BTC right now: exchange, self-custody, or a mix? Curious about $ETH holders too.
#Bitcoin #OnChain #CryptoSentiment
Not financial advice.
CryptoQuant data (via EconoTimes) shows a net outflow of 14,437 BTC from exchanges, with reserves at 2,455,136 BTC, down 0.59%. SOPR sits at 0.9933, meaning coins moved on-chain were realized at a small aggregate loss. Fear & Greed reads 34.
My take: outflows can mean holders are moving coins to self-custody, but the loss-taking shows some sellers are still capitulating. Mixed signals, so patience matters. Especially after the recent exchange hack headlines, where you keep your coins is a live question.
Where do you keep most of your $BTC right now: exchange, self-custody, or a mix? Curious about $ETH holders too.
#Bitcoin #OnChain #CryptoSentiment
Not financial advice.