The total BTC balance on exchanges continuously decreasing since 2020

[zopim savo]

The total BTC balance on exchanges continuously decreasing since 2020. This shows that investors are withdrawing and storing their BTC in hardware and cold wallets. They are accumulating BTC for long term. Less BTC on exchanges means less selling pressure.

The same pattern is find after the 2016 halving and we see a long bull run until Dec 2017.

We are still far away from the bull run top. Hold some BTC for long term.

There are rumours that Facebook holding Bitcoin. The news is covered by Fox Business. Facebook may announce the buying or holding if BTC anytime and that will pump BTC. Everyone wants to get their hands on BTC, we are too early. HODL and enjoy the bull run.

https://twitter.com/DocumentingBTC/status/1387444415120265222?s=20

NEW UPDATE .(8 May 2021)
This is big. Citibank, the 4th biggest bank in the USA, is considering launching crypto trading and custody services. This means all the Citi Bank users can buy sell and hold bitcoin and other cryptocurrency in their bank account. Now everyone is looking to get in the cryptocurrency train.

SEC chairman finnally admitted that Bitcoin is a "Store of Value" and call most of cryptocurrency as securities. This is bullish for whole crypto market. Eventually everyone is making positive comments about BTC. Big move coming🚀

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[herurist]

a safe way as well as a concern if the wallet containing Bitcoin is lost, the secret word is not properly guarded. withdrawing Bitcoin from Exchange is a long-term goal. But what's the harm in keeping it on an exchange and not traded, is it at a loss? and if it is lost it will be the responsibility of the exchange, but if it is stored in a hard wallet and is lost, only you are responsible.
so which one is more effective and safer when securing your Bitcoin?

[sadrina]

Does anyone think the mainstream exchanges will freeze retail investors from selling at the top if BTC reaches extreme highs?

[zopim savo]

a safe way as well as a concern if the wallet containing Bitcoin is lost, the secret word is not properly guarded. withdrawing Bitcoin from Exchange is a long-term goal. But what's the harm in keeping it on an exchange and not traded, is it at a loss? and if it is lost it will be the responsibility of the exchange, but if it is stored in a hard wallet and is lost, only you are responsible.
so which one is more effective and safer when securing your Bitcoin?

According to my experience, if it is lost on the platform or exchange, will the company replace it? Of course not, and intended to be hacked, but if in a private wallet it is more effective and safer, depending on how you secure your private key, friend.

[The Cryptovator]

Isn't that one of the reasons why Bitcoin price records a new ATH? Because many instinctual investors buying Bitcoin, obviously they wouldn't hold their BTC into the exchange. Everyone knows about the risk of holding Bitcoin to an Exchange. Holding more means there is less circulation, but demand is increasing. As a result, Bitcoin starts to move uptrend. Anyway, holding your fund isn't safe for the exchange, so what is happening is right. Still, it's a positive movement for Bitcoin users and holders as well.

[stompix]

Everyone knows about the risk of holding Bitcoin to an Exchange.

Everyone? No, they don't!
There are thousands there who think their coins are insured on exchanges, thousands who don't haven't read the terms and conditions, oh heck, there are even those who don't know how an exchange works.

As for the data itself, I don't know how accurate that is, they are tracking wallets basically, an exchange changing their cold wallets makes this metric useless until they find out the new one and add it to the queue, that is if they manage to do so, for example, nobody has yet accurately identified all Coinbase cold storage coins and there a million of them. And in the past glass node has made a lot of claims that have been proved to be total, crap, I won't forget this one all my life. They are in the business of selling charts and they try to make them more important than they are.

That being said I hope the numbers drop to zero, investors should keep those coins in proper cold storage and normal users should keep those in their damn wallets, Thodex was just a fresh example of why you should't!

[Alone055]

But what's the harm in keeping it on an exchange and not traded, is it at a loss? and if it is lost it will be the responsibility of the exchange, but if it is stored in a hard wallet and is lost, only you are responsible.
so which one is more effective and safer when securing your Bitcoin?

First of all, your coins won't get lost in an exchange. In rare scenarios, they are compromised by hackers or phishers and in a case like that, the exchange would never take the responsibility and compensate you with the amount of coins you had from their own vault. That doesn't happen.
Another scenario that could occur is the glitches and errors in systems, which might be the reason for the funds getting unsettled for a while, but that wouldn't be a problem and the exchange would rectify that themselves.

So overall, the ideal solution is to withdraw and store your coins somewhere like a cold wallet, and keep your private keys safe. It is never recommended to keep storing your assets in an exchange unless you are using them for trading purposes.

[MrcMrc]

The truth is the long-term investors prefer storing their bitcoin in a hardware wallet and besides you don’t have business with an exchange when you are not a trader and the numbers of traders are few compared to holders.

[fiulpro]

The total BTC balance on exchanges continuously decreasing since 2020. This shows that investors are withdrawing and storing their BTC in hardware and cold wallets. They are accumulating BTC for long term. Less BTC on exchanges means less selling pressure.

The same pattern is find after the 2016 halving and we see a long bull run until Dec 2017.

We are still far away from the bull run top. Hold some BTC for long term.

There are more whales in the market than ever and at the same time they are buying like crazy now exchanges are not the place to store your money and therefore these people are actually investing at a much safer place. At the same time after the price explosion of bitcoins. People have realized that they can make more money just by holding and therefore instead of exchanges people are preferring storing all that money at a stable and safe place.

I do think we have reached a point where the demand is more towards holding and investing rather than trading. That's something personal I believe. So I do think we might be just making this situation more serious that it probably is. Don't worry ! People are more educated about cold storage now.

[zopim savo]

The total BTC balance on exchanges continuously decreasing since 2020. This shows that investors are withdrawing and storing their BTC in hardware and cold wallets. They are accumulating BTC for long term. Less BTC on exchanges means less selling pressure.

The same pattern is find after the 2016 halving and we see a long bull run until Dec 2017.

We are still far away from the bull run top. Hold some BTC for long term.

There are more whales in the market than ever and at the same time they are buying like crazy now exchanges are not the place to store your money and therefore these people are actually investing at a much safer place. At the same time after the price explosion of bitcoins. People have realized that they can make more money just by holding and therefore instead of exchanges people are preferring storing all that money at a stable and safe place.

I do think we have reached a point where the demand is more towards holding and investing rather than trading. That's something personal I believe. So I do think we might be just making this situation more serious that it probably is. Don't worry ! People are more educated about cold storage now.

there is right friend,

Cryptocurrency world expert, concludes this year is a very volatile BTC movement, let's see for this month, may.

[pixie85]

We are still far away from the bull run top. Hold some BTC for long term.

I feel the same, although we may have to wait for months until the second stage begins.

I've seen previous 2 bull runs compared and it seems that we are still very close to the median price. In the previous runs we were exploding far above into the overbought territory. This time we haven't seen the real FOMO craze. People are acting like more careful buyers this time.

Like in 2017 we went from 1000 to 3000 and then to 20000. 20x the ATH. The 3x ath we've seen this year is nothing compared to that.

[DeathAngel]

I keep seeing these things on Twitter which charts detailing the amount of coins on exchanges decreasing. Tye price isn’t going up now though is it, we are 10% down from the ATH. Why isn’t the price going up if available supply is less?

[dothebeats]

Perhaps people learned that their coins are not 100% safe and guaranteed insured on exchanges, though there are still quite a number that believes that exchanges' security system are 100% hack-proof (which isn't).

Big entities buying huge amounts of bitcoin are the main culprit as to why exchanges are depleting their reserve of bitcoin in their stashes. If this trend continues then there may be an artificial, short-term shortage of coins in the market possibly pushing the price on insane levels. So far, situations aren't that bad yet and haven't reach its boiling point so there's no real need to panic.

The market, also has since entered into a stagnant phase. While there aren't many coins in the market, there isn't enough money laying around to buy these things, hence why we are still not pushing aggressively price-wise.

[online73]

Hello everybody. I've been in cryptocurrency only since the spring of 2017 and maybe I'm wrong, but it seems to me that in recent years information has been constantly slipping about a decrease in Bitcoin balances on exchanges, but then they somehow suddenly appear and the price falls like a stone. I think this is not the kind of news that is strongly worth referring to - Bitcoins can both leave the exchanges and come. Personally, I think that if this news has been circulated lately, we must wait for a sharp drop in prices. Time will tell if I was right.

[hulla]

The total BTC balance on exchanges continuously decreasing since 2020. This shows that investors are withdrawing and storing their BTC in hardware and cold wallets. They are accumulating BTC for long term. Less BTC on exchanges means less selling pressure.

The reason for crypto exchange holding decrease is simple, the institutions are the major investors and they can't keep the holding on an exchange site not even when we are in bullish market but 70% of BTC holder always sell 75% of their holding when halving effect take place.

The same pattern is find after the 2016 halving and we see a long bull run until Dec 2017.

The pattern of today's market is totally different to previous halving market.

We are still far away from the bull run top. Hold some BTC for long term.

I think you say this because you believe in the prediction make about the BTC market to reach $100K. Well, understand that tomorrow are not promised, this crypto market is highly volatile and the bullish market start when will least expected so it will also end when we don't expect.

There are rumours that Facebook holding Bitcoin. The news is covered by Fox Business. Facebook may announce the buying or holding if BTC anytime and that will pump BTC. Everyone wants to get their hands on BTC, we are too early. HODL and enjoy the bull run.

https://twitter.com/DocumentingBTC/status/1387444415120265222?s=20

Although, there's no evidence that Facebook hold BTC i believe the to be true due to the knowledge of the Facebook CEO and I don't think he will afford to miss out the BTC opportunity when institutional investors invest in BTC.

[cmg777]

Hello everybody. I've been in cryptocurrency only since the spring of 2017 and maybe I'm wrong, but it seems to me that in recent years information has been constantly slipping about a decrease in Bitcoin balances on exchanges, but then they somehow suddenly appear and the price falls like a stone. I think this is not the kind of news that is strongly worth referring to - Bitcoins can both leave the exchanges and come. Personally, I think that if this news has been circulated lately, we must wait for a sharp drop in prices. Time will tell if I was right.

I've been in the crypto space two years longer than you (man I wish I would have gotten in 2010 but still did good). I want to say that you are right that the crypto media and market makers have been hyping up the fact that fewer BTC is on exchanges and is going into the hands of custody or personal wallets. I do want to make this funny point back in 2015-2016 era when the media would try to make its moves to hype or FUD the markets the crypto whales would mostly do the opposite to prove the media wrong. Now I think when you got in is when the media started to tame the market to their whims mostly. The overall point I'm trying to make is that once the bigger players jump into this market and there is a Bitcoin ETF the markets will dump shortly after with the media FUD'ing the market. What I will say in agreement though with the media and this "word on the street" is that they are right mostly that there be fewer BTC on exchanges (unless a huge dump command by those running markets or huge pump by the powers of fiat institutions (brokers, governments, etc.)) in the near future and beyond. Regardless, hodl strong and BTC will continue to transcend the fiat currencies and possibly even physical precious metals. I sort hate the fact that the media and these institutions have sort of tamed the market to their whims because it seems like BTC trades similar or parallel to the stock market. I think bigger things than an ETF are ahead for BTC and it will be added to the VIX.

https://www.youtube.com/watch?v=xdHsX-KJRG4

[adaseb]

One thing you need to consider is this. Back when BTC was at $5K or so. If you had 0.50 BTC on an exchange it was only worth $2500. Now half a coin is still worth over $26K. So you need to understand that many people probably decided to get hardware wallets or some sort of cold storage setup since it was very risky leaving huge amount of BTC on a centralized exchange.

I think when people read about these sim swap attacks they all decided to protect themselves and invested in a hardware wallet. They are very easy to setup and use. Much better than using a paper wallet from 5 years ago. So one reason could be that institutions are putting it on cold storage and another is that people are just keeping less coins on exchanges for security.

[Wexnident]

I mean, at this point, majority of the balance in exchanges are for traders doing daily trading. Majority of Hodlers? I'm pretty sure they would've realized now that they might as well just put it in a hardware wallet instead of leaving it in an exchange, which has been emphasized for oh so long.

a safe way as well as a concern if the wallet containing Bitcoin is lost, the secret word is not properly guarded. withdrawing Bitcoin from Exchange is a long-term goal. But what's the harm in keeping it on an exchange and not traded, is it at a loss? and if it is lost it will be the responsibility of the exchange, but if it is stored in a hard wallet and is lost, only you are responsible.
so which one is more effective and safer when securing your Bitcoin?

No, it's not the responsibility of the exchange. Heck, Bitcoin is basically an asset/coin that you yourself manage. Leaving it to the exchange means that you trust them enough to leave it to them, so even if it was lost, it's not their fault but rather yours. Crypto is called your own personal bank for a reason, it's because everything, from security, to storage, to means of buying/selling/transferring it is all on you.

[zanezane]

Then what happens if there are less bitcoin on exchanges? These means that the prices are only going to go up more than ever because there is little supply and a high demand. OP is right, we have to continue hodling and wait for the inevitable pump in prices and you don't want to be missing out of it.

[zeuner]

The total BTC balance on exchanges continuously decreasing since 2020. This shows that investors are withdrawing and storing their BTC in hardware and cold wallets. They are accumulating BTC for long term. Less BTC on exchanges means less selling pressure.

The same pattern is find after the 2016 halving and we see a long bull run until Dec 2017.

We are still far away from the bull run top. Hold some BTC for long term.

There are rumours that Facebook holding Bitcoin. The news is covered by Fox Business. Facebook may announce the buying or holding if BTC anytime and that will pump BTC. Everyone wants to get their hands on BTC, we are too early. HODL and enjoy the bull run.

https://twitter.com/DocumentingBTC/status/1387444415120265222?s=20

If you want to trade with a 1.000.000 USD budget, you need a lower BTC balance one the exchange now, compared with 2019 when the exchange rate was lower.