We have 500k BTC more that were not moved for over 10 years, than there are total BTC on exchanges. HODL dominates everything.

With the past and even this year having one thing as a headline of the Bear market, which is to take self-custody of your Crypto as having Crypto on centralized exchanges is actually not your Crypto. This has pretty much been the slogan of this bear market after things like Celsius, FTX and also the current uncertainties around the biggest exchanges Coinbase and Binance. This is “slogan“ has actualyl resulted in a very good trend for all of Crypto.

Especially in this bear market people have quickly begun to withdraw their crypto holdings from exchanges and take self-custody of them on other cold wallets, hardware wallets or software wallets. Causing the Supply of any Crypto on exchanges to plummet to multi-year lows.

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BTC Last Active 10 years Supply overlayed with Exchange Supply, by Will Clemente

Here we can see a “mind-blogging“ statistic provided by Will Clemente, showing how the supply that has not been moved for over 10 years or in other words has been HODLed for 10 years, is a whole 500k BTC higher than the total supply right now on exchanges.

This is even more impressive as actually bear markets are the periods where exchanges buy in at lower prices to increase their supply, but that clearly did not happen this time around.