Crypto investors are still moving their Bitcoin off exchanges, but not necessarily to sell it. The amount of BTC held off-exchange is now at its highest-ever level suggesting long-term confidence in the asset.

The big Binance crypto exodus has slowed down, but Bitcoin is still leaving centralized exchanges. More than $5 billion left Binance on Dec. 13 as investors started to panic about its ability to withstand a run.

The world’s largest crypto exchange by volume weathered the storm, as reported by BeInCrypto. However, coins continue to leave Binance and other exchanges. Around $1.4 billion in Bitcoin has left exchanges over the past 24 hours, according to Glassnode.

(By Martin Young)