The amount of BTC going to cold storage has been increasing rapidly by the end of 2022, before our rally, and now it is back to increasing.

We really can not stress it enough how important it is to take self-custody of your Crypto and have your own keys in your hands and not in the mismanaged excel spreadsheets of some centralized exchanges. This whole bear market was basically about this very lesson, from BlockFi to Celsius to FTX.

And thankfully we can say that the billions of dollars that were lost were not for nothing, as painful as FTX may have been, there was actually a lesson that many people that were present in Crypto back then did actually learn. But now of course, it taking billion-dollar scam is way too much anyway. But I guess it is better now than never.

This growth of self-custody and thus moving your BTC to cold storage wallets from whom you have the keys yourself can be seen in the metric called “New Entity Momentum“, which shows the growth of cold storage wallets.

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New Entity Momentum chart, from IIICapital on Twitter/X

Here we can see how that growth of BTC going to newly made cold storage wallets has been in a rapid increase just during the end of 2022, after the various scams and frauds we had exposed. This growth had actually decreased once again as people went into the euphoria of the current rally at early of this year. But now after the recent sluggish price movements it has actually increased back up, probably because of the recent Binance FUD too.

So it is truly a good sign to see that kind of cold storage growth once again and we could possibly, if we go after the recent history, start another upturn in price pretty soon.