Insights

Self-custody surge: 70K Bitcoin have been sent to self-custody since the collapse of SVB

exchange68September 13, 2024

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Quick Take

Self-custody of Bitcoin has continued to grow rapidly in the past week due to concerns in the banking sector.
Being able to control your Bitcoin is one of its advantages, as opposed to being at the whim of a bank — where you have no control of their lending capabilities.
Yesterday saw one of the biggest % changes in self-custody in the past six months — while roughly 70,000 BTC have been withdrawn into self-custody since the collapse of SVB on Friday.

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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