Long-Term Bitcoin Holders Send 0.004% of Bitcoin to Trading Platforms

According to data provided by Glassnode, long-term bitcoin holders are sending only 0.004% of their bitcoin supply to trading platforms, meaning that long-term holders are sending only a very limited amount of bitcoin to trading platforms compared to the overall bitcoin supply. This data highlights the extreme inactivity of the Bitcoin long term holder community in the face of increased market distress and indifference to the regulatory allegations against Binance and Coinbase. 

Despite the apparent stress and uncertainty in the market, long-term Bitcoin holders remain calm and unconcerned about these allegations. This may indicate that they are not too worried about the impact of the allegations, or that they believe in the long-term value of bitcoin and are therefore relatively insensitive to short-term market fluctuations and events. 

As previously reported by BlockBeats, on June 5, the U.S. SEC sued the head trading platform for violating U.S. securities rules, and on June 6, the SEC sued crypto trading platform Coinbase in federal court in New York.