Fast Take
- The FTX collapse demonstrated the necessity to self custody your crypto, a pattern that CryptoSlate has monitored for fairly a while.
- Nonetheless, a shift occurred in February that noticed cash return to the market, which noticed a build-up of open curiosity and a reasonably flat value construction for Bitcoin in February.
- This noticed roughly an adjustment of 10% of cash returning to exchanges, the very best degree since Could – July 2022, in the course of the Luna collapse.
- This variation is one thing I alluded to this week, as cash have been going again onto exchanges, which has coincided with value drops.
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