![Self-custody surge: 70K Bitcoin have been sent to self-custody since the collapse of SVB](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2023/01/bitcoin-Insights-2.jpg&w=70&h=37&q=75)
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 โ where you have no control of their lending capabilities.
- Yesterday saw one of the biggest % changes in self-custody in the past six months โ while roughly 70,000 BTC have been withdrawn into self-custody since the collapse of SVB on Friday.
![Illiquid % Change: (Source: Glassnode)](https://cryptoslate.com/wp-content/uploads/2023/03/illi.png)