What Bitcoin’s HODLers tell us about investor psychology If | Crypto Push

What Bitcoin’s HODLers tell us about investor psychology

If you look at the exchange holdings provided by CryptoQuant, you can see that they plummeted during the FTX incident in November 2022 and have been decreasing ever since.

On-chain data reveals this about long-term hodling
The Bitcoin exchange reserve metric coincides with the statement. Its exchange reserves have been steadily declining since May. A potential reason for this observation could be the concerns regarding centralized exchanges and growing popularity.

The rise of self-custody also confirms that there is a preference for HODLing. The transfer from exchanges to private custody wallets also aligns with the long-term prediction.