TL; DR
Full story
BTC reserves on exchanges are the lowest in years.
That’s a good thing!
This is what we mean:
Typically, people use exchanges to buy and sell crypto (or transfer their fiat to crypto).
Once you’ve bought the coin you’re looking for (e.g. BTC), you have a few options: keep it on the exchange (expose it to the exchange itself collapsing like FTX, or other cyber hacks); or transfer it from the exchange to your own wallet (the more secure of the two options).
If you day trade, chances are you’re not sending it back and forth between the exchange and your wallet (paying a gas fee each time).
But if you want to buy and hold for the longer term, transferring it from the exchange to your own self-custody wallet is easily the best option.
That’s exactly what people do (see header image 👆).
Just another positive sign for crypto in the long term.
💎 🙌
