Bitcoin on exchanges on the lowest level since 5 years (11.5%)

Good news, everyone! (This is not a FOMO post!)

Only 11.5% of all bitcoins in existence are being held on exchanges. This is the lowest level since the beginning of 2018 and a clear trend:

Source: WClementeIII @ Twitter

This could mean at least three things:

1. People have learnt their lesson and are practicing self-control (unlikely for most people, but it's the case for some, including me!)
2. Investors (private as well as institutional) are accumulating.
3. Investors are starting to prefer DeFi over CeFi.

We all know that this number can change very quickly, I'm not trying to spread FOMO here. You can move bitcoin on exchanges within minutes, 24/7. But it shows a very positive trend imho.

Stay safe everyone! Don't forget to keep your seed phrase secure. Use burner wallets. Don't tell your family to buy crypto.

Cheers!