Definition ∞ Non-Exchange Wallets are digital asset storage solutions not directly managed by centralized cryptocurrency exchanges. These include hardware wallets, software wallets, and paper wallets, offering users direct control over their private keys. Holding assets in these wallets signifies a preference for self-custody, reducing counterparty risk associated with third-party platforms. This method is often favored by long-term holders and those prioritizing security.
Context ∞ The movement of assets into or out of Non-Exchange Wallets is a closely observed indicator in the digital asset market, often signaling shifts in investor confidence. A sustained increase in assets held in these self-custody solutions can suggest a market trend toward long-term holding and reduced selling pressure. Conversely, significant transfers from these wallets to exchanges might precede periods of increased selling activity, offering insight into market sentiment.
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