• 17 July, 2024
News

BTC and ETH Are Around 5-Year Low Exchange Supplies

This means that even though there was a significant sell-off following the FTX collapse, there are limited amounts of exchange supplies available for future sell-offs. As such, it is important to be mindful of trading decisions and understand the implications of market movements as they relate to self-custody.

The trend in crypto, particularly since September, has been coined, quickly moving to self-custody. This trend is seen as the preferred option for many traders and investors seeking to have more control over their assets and increase security.

Self-custody also allows users to have access to their funds without relying on third-party services or exchanges; this ensures that users are able to store and use their funds safely.

In the current climate, it is essential for traders and investors to consider self-custody as an option when trading or investing in crypto. Ensuring that you have sufficient understanding of the exchange supplies available and how they will affect your trading decisions can help protect your assets from further sell-offs.

Source: Sanbase

Bitcoin and Ethereum are currently at a 5-year low exchange supply, so it is important to consider self-custody as an option when investing in crypto. Self-custody provides more control and access over your funds without relying on third parties.

Additionally, this can help protect against future sell-offs as the supply is limited. Taking these precautions can help strengthen your trading and investing decisions and ensure that you are well-prepared for any future market movements.

Conclusion 

In conclusion, self-custody is becoming the preferred option for traders and investors in crypto due to the limited exchange supplies of BTC and ETH at their 5-year low. Taking these precautions can help strengthen your trading and investing decisions and ensure that you are well-prepared for any future market movements.

By being mindful of the exchange supplies available, users can better protect their assets from further sell-offs.

Disclaimer: This article is provided for informational purposes only and should not be considered financial or investment advice. All investments involve risk, including the possible loss of capital. Please do your own research before investing.

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