Yugocean
Valued Contributor
The bears are hunting the bulls in the crypto market so much that people are now selling their Bitcoins, which initially is increasing BTC liquidity in the crypto market.
One way to keep the value of bitcoin from falling too much is for people to keep their bitcoins in their wallets rather than on exchanges. The reasoning behind this is that, due to the reduction of bitcoin in the exchange, its value will also increase in proportion to the demand in the market.
Wallets are being promoted in place of exchanges anyway since the collapse of FTX. The exchange CEOs themselves are also advising people to use wallets and HODL, but the opposite has happened.
Suddenly, a panic sale has started in the market, and many hodlers who kept their bitcoins in wallets are now extracting value by sending bitcoins to the exchange. According to the latest information, Binance, Coinbase Pro, Bitfinex, Gemini, and Kraken hold the most bitcoins.
One way to keep the value of bitcoin from falling too much is for people to keep their bitcoins in their wallets rather than on exchanges. The reasoning behind this is that, due to the reduction of bitcoin in the exchange, its value will also increase in proportion to the demand in the market.
Wallets are being promoted in place of exchanges anyway since the collapse of FTX. The exchange CEOs themselves are also advising people to use wallets and HODL, but the opposite has happened.
Suddenly, a panic sale has started in the market, and many hodlers who kept their bitcoins in wallets are now extracting value by sending bitcoins to the exchange. According to the latest information, Binance, Coinbase Pro, Bitfinex, Gemini, and Kraken hold the most bitcoins.
