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Bitcoin Sees Record Increase In Number Of Holders Who Use Self-Custody Wallets

Published date:

February 4, 2026

Bitcoin Sees Record Increase In Number Of Holders Who Use Self-Custody Wallets

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A recent report published by Glassnode revealed that the number of Bitcoin (BTC) users who hold their BTC assets in self-custody wallets has hit an all-time high.

At the same time as we're seeing more than 5% of all Bitcoins being held by these wallets (more if you remove lost BTC), the % being HODL'd is at an all-time high.

Clear trend of more people HODL'ing for the longer term, despite some of the most extreme market conditions. pic.twitter.com/WIQA9XQNih
— Decentrader (@decentrader) November 14, 2022

As per the report, the recent collapse of FTX has led to a decrease in the percentage of Bitcoin holders who store their assets in exchanges. It revealed that the net BTC balance in exchanges dropped by 72.9K BTC over the last week, with FTX’s BTC balance declining “effectively to zero.”

Similarly, users have withdrawn over 1.101M Ethereum (ETH) assets within the last seven days.

Glassnode compared FTX’s sudden collapse to the failure of Mt Gox in 2013. It claimed that the downfall of FTX caused users to hold their BTC and ETH tokens in the safety of their self-custody wallets.

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Contrary to Bitcoin and Ethereum trends, exchanges have witnessed a drastic increase in the stablecoin inflow. Glassnode reported that more than $1.04M worth of Dai (DAI), USD Coin (USDC), USD Tether (USDT), and Binance USD (BUSD) tokens were added on November 10, making it the seventh-highest daily stablecoin inflow of all time.

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All Bitcompare articles go through a rigorous review process before publication. Learn more about our Editorial Process and Risk Warning.

Ayush Pande

Written by:

Ayush Pande

Writer

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

Radica Maneva

Reviewed by:

Radica Maneva

Senior Editor

Radica is a Senior Editor at Bitcompare. She has worked for more than a decade at leading publications as an Editor across various industries, including crypto and finance.

Bitcompare is a trading name of Blue Venture Studios Pty Ltd.

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