Bitcoin exchange outflows surge as ‘not your keys, not your crypto’ comes back into fashion

Bitcoin exchange outflows surge as ‘not your keys, not your crypto’ comes back into fashion

Bear markets in cryptocurrency are known to be painful, but the month of June was especially trying for the crypto faithful as a confluence of factors resulted in the price of Bitcoin (BTC) falling 37.9%, its worst monthly performance since 2011.

Bitcoin monthly performance. Source: Glassnode.

As a result of the continued widespread weakness, a majority of the so-called Bitcoin “tourists” have now exited the space, leaving only the most dedicated holders remaining, according to blockchain…


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