© Reuters.

There is no way to measure the amount of (BTC) that is being sent to self-custody wallets so far, according to one industry executive.

Amid the ongoing fear, uncertainty and doubt, or FUD, over lawsuits against major cryptocurrency exchanges, investors have been increasingly offloading their Bitcoin from crypto trading platforms.

BTC supply on exchanges since June 2017. Source: Santiment
Bitcoin’s market cap since April 2023. Source: CoinGecko