How to Protect Your Crypto
Bitcoin Whales Are Moving Their Crypto Off Centralized Exchanges. Here’s Why.
This one trending strategy just might save your cryptocurrency.
It’s been a turbulent few weeks for the cryptocurrency market, with prices bouncing up and down constantly.
But amid all the chaos, one trend is clear:
The Bitcoin whales are moving their BTC and other altcoin holdings off centralized cryptocurrency exchanges.
In the last 24 hours (as of March 11), the Bitcoin whales have moved over $1.3 billion worth of BTC outside of Coinbase—the largest US-based exchange.
And that’s not to mention what the whales are doing with their altcoins.
Their altcoin balances have been shuffling around for several weeks. From wallet to wallet.
Some of the biggest accounts and personalities in Twitter’s crypto space are also encouraging investors to follow suit. Telling people to transfer their crypto to non-custodial wallets—a type of digital wallet that does not fall under the control of a centralized exchange.
In fact, before centralized exchanges existed, all we…
