Big liquidity drops on CEXs show self-custody is way up in Q2 of this year

Bitcoin liquidity is way down on centralized exchanges, far more than any of the other top coins. That likely indicates a lot of people withdrawing from exchanges and holding their own coins.

​

BTC within 1% of mid market price down 35% on centralized exchanges

​

Of the top coins, more poeple left XRP on exchanges than most other coins.

https://preview.redd.it/da2l6l7ttq6b1.png?1312&format=png&auto=webp&s=3ff89813a1352ee6c4016efc53507f5820dbf9df

​

While most exchanges have less liquidity than the beginning of the year, Kraken looks like the clear winner this year:

​

https://preview.redd.it/w49somu4uq6b1.png?1308&format=png&auto=webp&s=2e6809915478f7257bff0d859dfadb5b82591c77

Eth trading has had a significant boost this year since the Shanghai upgrade, and it looks like that boost has kept it's trading volume higher since.

​

https://preview.redd.it/w80r7djouq6b1.png?1302&format=png&auto=webp&s=cda63570ee2f4f5bdf9f1e9e50e787b3e9797f19

​

But overall, it looks like all the events this year are really encouraging self-custody!