Bitcoin that is held on stock exchanges falls at a 5-year low: Santiment

Bitcoin that is held on stock exchanges falls at a 5-year low: Santiment
The crypto analysis platform Santiment stated that the amount of bitcoins kept for digital assets recently dropped below 6 %. The figures were last so low in December 2017.
The sunken trust in centralized platforms increased shortly after FTX's failure (one of the market leaders in this area before his bankruptcy). Binance has also recorded an increase in Bitcoin outflows in the past few months, which indicates that many users prefer to trust self-storage than on a third-party vehicle.
BTC owner continues to lose confidence in the stock exchanges
as analyzes Santiment has dropped to 5.84 % of the Bitcoin offer adhered to-the lowest status in five and a half years.
The rapid transition from depot banks to self-negative methods began in early 2022 and continued in the following months. After November last year there was a severe decline when the amount of BTC on centralized platforms dropped below 7 %. The collapse of FTX could be regarded as an essential factor. At that time, many investors lost confidence in the stock exchanges in view of the shocking collapse of the once so important company with a value of over $ 32 billion. Binance-the world's largest cryptocurrency exchange-experienced a massive wave of customer withdrawals in December last year, which (according to CEO ZHAO) was the case triggered by Fud. CZ assured that his company would remain a solid custody, and pointed out that people should feel protected there when storing cryptocurrency stocks. The rest who has any doubts should feel free to transfer his supply to Cold Wallets, he added. as cryptoc potato It is worth noting that the company had temporarily exposed to BTC withdrawals the day before due to a network overload. The disorder took a few hours and the operation normalized again. On May 8, the stock exchange again stopped transactions, "due to the large volume of outstanding transactions". Cz remained unimpressed, use his signature number "4" to indicate that the problem was not serious. "There are some ambiguities about BTC withdrawal problems. Here you will find out why. The fees for the Bitcoin network fluctuate by 18 times a month," he said.
the exchange sorted out The difficulties in the following hours and thanked his users for their patience. . BTC offer on stock exchanges, santiment
The latest BTC drains from Binance