Bitcoiners are HODLing BTC from Exchanges to wallets where they are HOLDing the keys

     Large number of bitcoins worth billions of dollars have either been withdrawn from multiple exchanges, or never invested their, claims cryptocurrency analysts like Watcher Guru. This indicates that people are making the unusual transition from exchange to wallet.

Reason is Political Factor and Exchange Character.

• Fall of centralised exchanges - This year several major platforms like Celsius, Voyager etc seized investors' assets, so depositing to exchange platforms has turned into a risk of losing one's cryptocurrency, and nobody wants to fall victim to it. As a result, most people are storing their bitcoins in a wallet with private keys.
• The significant political cause - Local regulations are also motivating some people to withdraw their bitcoins from the market in addition to other factors. For instance, China has sanctions while India has high taxes. People were forced to store their bitcoins in their wallets until the proper time as a result of this.

Thoughts

    Exchange platforms are utilised to either trade or sell, and they pay APY interest to depositos for providing liquidity. Now people are buying BTC unde "Buy The Dip" plan but moving their bitcoins out of such platforms. This indicates that people would prefer to hold onto their bitcoins for long-term benefits than to use them for immediate gain.