For the first time the balance on exchanges has gone down after a Halving. People are finally using self-custody.

Undoubtably, this bear market has been all about not trusting those many centralised companies and exchanges in Crypto, as those are obviously the complete opposite of how Satoshi intended Crypto to be and they are simply not safe as there are in many countries no regulations put in place for those. This has made 2022 the big catalyst to kick off the trend of self-custody and taking your assets off exchanges.

Firstly while we may be measuring our metrics in days, months and years, especially for Crypto there is actually one better measure for time periods. That is based on the most important event in Crypto: The Bitcoin Halving every four years.

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BTC Exchange Supply, divided by each Halving Epoche

Here we can see those two things added up, the metric of exchange balance divided through each Bitcoin Halving. Here we can observe a clear trend, while the first three Bitcoin Halving caused a solid increase in Bitcoin supply on exchanges now the tables seem to finally be turning. For the first time after a Halving we have see a big decrease in the Bitcoin Supply held on exchanges.

Truly showing that at least some people during this Bear Market have taken the expensive lessons as an example are now not falling for the scam of CEX anymore and instead opting to hold their assets in self-custody. The true way.