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Shiba Inu
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Pepe
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Bonk
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$0.0000255 12.26852
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Bitcoin
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$64,658.00 -2.65211
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Ethereum
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$3,176.33 -1.53432
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BNB
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$597.32 -1.16027
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Solana
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$152.04 -3.73815
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XRP
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$0.5270580 -3.84204
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Shiba Inu
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$0.0000258 -6.34402
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Pepe
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$0.0000073 -4.84078
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Bonk
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$0.0000255 12.26852
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Bitcoin
Bitcoin (BTC)
$64,658.00 -2.65211
Bitcoin price
Ethereum
Ethereum (ETH)
$3,176.33 -1.53432
Ethereum price
BNB
BNB (BNB)
$597.32 -1.16027
BNB price
Solana
Solana (SOL)
$152.04 -3.73815
Solana price
XRP
XRP (XRP)
$0.5270580 -3.84204
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000258 -6.34402
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000073 -4.84078
Pepe price
Bonk
Bonk (BONK)
$0.0000255 12.26852
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SirWin
SirWin
SirWin

Bitcoin network stats stay healthy as adoption and demand for self-custody grows

News
Bitcoin network stats stay healthy as adoption and demand for self-custody grows

Glassnode data shows that there is mass withdrawal of Bitcoin (BTC) from centralized cryptocurrency exchanges as adoption continues to grow while the network stays healthy through the prolonged downturn.

Blockchain data shows that Bitcoin addresses holding at least 1 BTC and Bitcoin addresses holding at least 0.01 BTC have both hit a new all-time high of 973,846 and 11,322,657 respectively earlier today. Furthermore, over the last 24 hours $1.3 billion worth of Bitcoin left cryptocurrency exchanges, showing that the trend to rely more and more on self custody is still going strong after being first spurred by the fall of FTX.

Other than real adoption through direct interaction with the blockchain, the network is also seeing long-term accumulation growing once again. The percentage of Bitcoin’s supply that was not moved for at least five years just hit a new all-time high of 26.64% earlier today. Furthermore, the same record was hit by the amount of supply that was not moved for at least 10 years, currently standing at an all-time high of over 2,588,265 BTC — equivalent to nearly $43 billion as of press time.

The development follows recent remarks by Changpeng Zhao — the CEO of world’s top crypto exchange Binance — claiming that more cryptocurrency is lost to self-custody than centralized service providers and suggesting that self-custody is not right for 99% of the users.