maartunn
Investors losing confidence in central exchanges ❌
The last few days were an absolute mess for the crypto-industry. FTX going bankrupt, searching for a bail-out and Binance might jump in to help. Time will tell if that actually materialize. In the meantime, investors have lost trust on central exchanges. This is perfectly visualized on the Exchange Reserves & Exchange Netflow. More than 80.000 BTC left exchanges wallets in the last 24 hours. Investors are withdrawing their Bitcoin to store them on place other than a exchange. People are losing confidence in those companies and that is very logic after the mess we've seen in the past few days. How are you holding your coins? Are they stored on a exchange, in a hardware wallet or another option? It might be the right time to re-evaluate it 😉