Supply of BTC and ETH on Exchanges Hits Historic Lows

The crypto market started 2023 off with a bang, with its collective market cap climbing from $794,812,541,836 at the start of the year to a high of $1,282,636,649,161 on 14 April, according to CoinMarketCap. In the month that followed, this total has been in a steady decline. However, a recent tweet by Santiment shows signs of hope for the crypto market.
In their latest post, Santiment revealed that the supply of $Bitcoin(BTC.CC)$ and $Ethereum(ETH.CC)$ on exchanges has reached historic lows. This is a positive sign for the crypto market since investors moving their holdings to self-custody indicates a bullish long-term outlook for both of the crypto market leaders.