This morning, Justin Cai from Longhash dropped a very interesting piece that puts forward a better metric to attempt to measure exchange volume, looking at the cold storage wallets associated with exchanges. Definitely check out the piece when you get a chance.

Coinbase is about to hit 1,000,000 BTC in their cold storage wallets. More individuals and institutions need to learn how to self custody.

Final thought...

Short and late rip today. Have a lot going on.