![Regime change as Bitcoin returns to self-custody](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2023/01/bitcoin-Insights-4.jpg&w=70&h=37&q=75)
Quick Take
- The FTX collapse demonstrated the need to self custody your crypto, a trend that CryptoSlate has monitored for quite some time.
- However, a shift occurred in February that saw coins return to the market, which saw a build-up of open interest and a fairly flat price structure for Bitcoin in February.
- This saw roughly an adjustment of 10% of coins returning to exchanges, the highest level since May – July 2022, during the Luna collapse.
- This change is something I alluded to this week, as coins have been going back onto exchanges, which has coincided with price drops.
![Liquid % Change: (Source: Glassnode)](https://cryptoslate.com/wp-content/uploads/2023/03/liquid.jpg)
![Illiquid Supply Change: (Source: Glassnode)](https://cryptoslate.com/wp-content/uploads/2023/03/ISC.jpg)