More than 100,000 BTC pulled into self-custody over past 12 months

More than 100,000 Bitcoin (BTC) were transferred to self-custody storages successful the past 365 days, according to Glassnode information analyzed by CryptoSlate.

The illustration beneath represents the liquid and illiquid BTC proviso with the reddish and greenish zones, respectively.

BTC Illiquid proviso since 2020 (Source: Glassnode)

BTC has been moving to self-custody storages since the opening of 2020, but for little periods wherever an other travel was recorded. The astir important liquidation question was recorded successful May 2021, represented by the tallest reddish portion successful the chart.

However, lone question towards self-custody retention has been recorded since November 2022.

January

The magnitude of BTC retreating into self-custody spiked successful January, reaching an all-time precocious since the opening of 2020.

The illustration beneath represents the magnitude of illiquid BTC with the orangish enactment since the opening of January.

BTC Illiquid proviso successful January (Source: Glassnode)

The illiquid BTC proviso was astir 15 cardinal connected Jan. 1. Over 70,000 BTC were transferred to self-custody wallets passim the month, considerably pushing the illiquid proviso level up.

The question towards self-custody continued into February and the illiquid proviso magnitude presently sits astatine 15.1 million.

The station More than 100,000 BTC pulled into self-custody implicit past 12 months appeared archetypal connected CryptoSlate.