A significant drop in Bitcoin reserves on exchanges is the evidence of rising self-custody adoption, Trezor chief commercial officer Danny Sanders said.
The cryptocurrency self-custody trend has been gathering steam amid Bitcoin nearing the $100,000 price mark last week, according to the hardware wallet provider Trezor.
Trezor has seen a 600% spike in weekly wallet sales amid Bitcoin’s (BTC) massive rally, leading to its historic all-time high above $99,600, the firm announced to Cointelegraph on Nov. 27.
On Nov. 22, when Bitcoin hit its highest value on the record of $99,645 based on CoinGecko data, Trezor achieved its best single sales day, eclipsing the previous high reached in May 2023.
