Coin Edition -
- According to Santiment, Bitcoin’s supply on exchanges has continued to move into self-custody.
- Santiment revealed that the ten largest Tether exchange wallets hold $15.23 billion, highest in 17 months.
- The increasing Tether supply on exchanges suggests that whales may be preparing to buy BTC or altcoins.
Bitcoin‘s supply on exchanges has continued to move into self-custody as “exchange reputation continues to diminish,” according to Santiment, the market intelligence platform with on-chain and social metrics. At the same time, the on-chain market analytics platform also reported that the ten largest Tether exchange wallets hold $15.23 billion, pushing the exchange buying power to its highest level in 17 months.