People hold their coins on exchanges because it’s easy and familiar, but that convenience comes at a cost. When your crypto sits on an exchange, you don’t control the keys, the exchange does. That means your coins are exposed to government freezes, seizures, or exchange failures. History shows that some of the largest Bitcoin takedowns haven’t come from hackers, but from governments going straight to centralized custodians.
Exchanges also operate mostly off-chain, trading IOUs instead of moving real coins every time. This lowers on-chain activity and shifts fees away from miners, while users think they “own” Bitcoin that never actually moves. Bitcoin itself isn’t broken, but custody through intermediaries defeats the whole point of decentralization.
Self-custody isn’t about paranoia, it’s about control. Not your keys, not your coins.
ForsakenStretch6055 on
That’s when I buy more
Charles005 on
Don’t worry, just when you think this metric matters the miners will increase. They sell at way higher prices so you’ll see an influx when the price of BTC is up. While it’s down why would they keep it on a CEX
FreshDriver6849 on
Still around ~ 2.8million coins, a huge amount ~13% of all bitcoin that’ll ever be created!
SeriousGains on
2018 was not a great year for BTC.
SessionOutside9592 on
right before a major dump lmao
Ir0nman123 on
Supply shock incoming!!!
pamarkus on
Bitcoin isn’t doing so hot
RetiredAvocado on
10000 BTC moves to a new address. Where did it go? To Mike’s wallet? To Jenny’s wallet? To another address in the wallet owned by the same exchange? You don’t know. I don’t know. MacroMicro people don’t know. This metric is a relatively Ok-ish estimate, not actual numbers. Exchanges could literally just move BTC from some addresses to new addresses to pretend coins are leaving to manufacture the “supply shock” narrative. Most exchanges do not report their balances publicly.
user_name_checks_out on
Exchange balances are irrelevant, coins can easily be moved on and off of exchanges.
jbergas on
Motherfuckers always post this shit and swear a rocket is coming, it don’t correlate bitch
Intrepid-Gas7872 on
Tourists are going to tour
diadlep on
Bc big players all otc now
elephantdance11 on
Bullish! My interpretation means that this could be a sign that retail is getting shaken out. Long term hodlers are hodling.
Is that right?
Advanced-Summer1572 on
Institutional funds and investors have almost gotten control of Bitcoin supply. Watch the fourth quarter of 2026. Bitcoin prices will suddenly increase.
mwdeuce on
This bodes well for 2026, I think we may be pleasantly surprised
ags-odon on
I have been seeing posts like this almost daily mostly on X, since over a year ago. Please stop, it does not mean anything unless it reaches close to 0
18 Comments
People hold their coins on exchanges because it’s easy and familiar, but that convenience comes at a cost. When your crypto sits on an exchange, you don’t control the keys, the exchange does. That means your coins are exposed to government freezes, seizures, or exchange failures. History shows that some of the largest Bitcoin takedowns haven’t come from hackers, but from governments going straight to centralized custodians.
Exchanges also operate mostly off-chain, trading IOUs instead of moving real coins every time. This lowers on-chain activity and shifts fees away from miners, while users think they “own” Bitcoin that never actually moves. Bitcoin itself isn’t broken, but custody through intermediaries defeats the whole point of decentralization.
Self-custody isn’t about paranoia, it’s about control. Not your keys, not your coins.
That’s when I buy more
Don’t worry, just when you think this metric matters the miners will increase. They sell at way higher prices so you’ll see an influx when the price of BTC is up. While it’s down why would they keep it on a CEX
Still around ~ 2.8million coins, a huge amount ~13% of all bitcoin that’ll ever be created!
2018 was not a great year for BTC.
right before a major dump lmao
Supply shock incoming!!!
Bitcoin isn’t doing so hot
10000 BTC moves to a new address. Where did it go? To Mike’s wallet? To Jenny’s wallet? To another address in the wallet owned by the same exchange? You don’t know. I don’t know. MacroMicro people don’t know. This metric is a relatively Ok-ish estimate, not actual numbers. Exchanges could literally just move BTC from some addresses to new addresses to pretend coins are leaving to manufacture the “supply shock” narrative. Most exchanges do not report their balances publicly.
Exchange balances are irrelevant, coins can easily be moved on and off of exchanges.
Motherfuckers always post this shit and swear a rocket is coming, it don’t correlate bitch
Tourists are going to tour
Bc big players all otc now
Bullish! My interpretation means that this could be a sign that retail is getting shaken out. Long term hodlers are hodling.
Is that right?
Institutional funds and investors have almost gotten control of Bitcoin supply. Watch the fourth quarter of 2026. Bitcoin prices will suddenly increase.
This bodes well for 2026, I think we may be pleasantly surprised
I have been seeing posts like this almost daily mostly on X, since over a year ago. Please stop, it does not mean anything unless it reaches close to 0
Is that good or bad? 🙃