- According to Santiment, Bitcoin’s supply on exchanges has continued to move into self-custody.
- Santiment revealed that the ten largest Tether exchange wallets hold $15.23 billion, highest in 17 months.
- The increasing Tether supply on exchanges suggests that whales may be preparing to buy BTC or altcoins.
Bitcoin‘s supply on exchanges has continued to move into self-custody as “exchange reputation continues to diminish,” according to Santiment, the market intelligence platform with on-chain and social metrics. At the same time, the on-chain market analytics platform also reported that the ten largest Tether exchange wallets hold $15.23 billion, pushing the exchange buying power to its highest level in 17 months.
#Bitcoin's supply on exchanges has continued moving into self custody, as exchange reputation continues to diminish. Meanwhile, the 10 largest #Tether exchange wallets hold $15.23B, pushing exchange buying power to its highest level in 17 months. https://t.co/AtjD9ve3YO pic.twitter.com/XJ0uuTiAZx— Santiment (@santimentfeed) November 29, 2023
In a recent post on the social media platform X (formerly Twitter), Santiment shared a screenshot…
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