As investors pull out of exchanges, they are choosing to hold in self-custody, rather than trade their coins or get ready for something greater. The report from Mister Crypto reveals that over 700,000 ETH has been taken from centralized platforms.
Following its peak in June and July, the balance fell dramatically through November to the 0.0327 level, marking its lowest level since last May. This steady decline in the amount of ETH available on exchanges usually denotes a transfer of coins into private or cold wallets. Such an action is considered a medium to long-term bullish pattern, as the decrease lessens market pressure.
