Bitcoin Exchange Supply Shrinks Fast Amid SEC Lawsuits
On-chain data provider Santiment reported that the Bitcoin exchange supply has dropped to a 5-year low as users choose self-custody amid the ongoing regulatory action. It reported: advertisement “Bitcoin’s exchange supply has now fallen to its lowest level since February, 2018. Traders continue moving $BTC to self custody during the uncertainty surrounding #Binance & #Coinbase . As long as these #SEC lawsuits loom, this trend should continue”. Courtesy: Santiment On the other hand, there’s also a clear shift in traders’ focus from Bitcoins to altcoins. On-chain data provider Santiment reports that Bitcoin’s social volume has been finally declining with altcoins like Ethereum, XRP Network, and Binance coin coming into the picture. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List ...