I don’t really know how it works, but miners would still sell coins to CEX as I understand

PlebeiusG

bitcoin

Open letter to Bitcoiners

PerryHODL

## What would be the value of bitcoin if most of the bitcoin transactions of 49 Billiion Dollar moves from CEX to own wallets?

We as bitcoiners should learn not to keep bitcoin in CEX but in [own wallets](https://stacker.news/items/141507).
Be your own banks.

Daily bitcoin volume in CEX is [49 billion USD](https://coinmarketcap.com/currencies/bitcoin/)

On chain volume of bitcoin 7 day moving average is at [20 billion USD](https://www.theblock.co/data/on-chain-metrics/bitcoin/bitcoins-adjusten-on-chain-volume-daily) whereas the peak on chain volume was 337 billion USD  

Most of the other parameters are at all time high

>Daily average [468000 new bitcoin addresses](https://www.theblock.co/data/on-chain-metrics/bitcoin/number-of-new-addresses-on-the-bitcoin-network-7dma) created each day

>6.54 million bitcoin accounts with balances [higher than 1000 USD]( https://www.theblock.co/data/on-chain-metrics/bitcoin/bitcoin-addresses-with-balance-over-x)

>138 million USD per day transactions [over lightning network](https://www.theblock.co/data/on-chain-metrics/bitcoin/lightning-networks-capacity-daily)

>Hashing capacity of network at [324 EH/s](https://www.theblock.co/data/on-chain-metrics/bitcoin/bitcoins-hash-rate-daily) all time high



