Close Menu
CryptoHoppers.comCryptoHoppers.com
    What's Hot

    Vinteum Will Train And Sponsor Bitcoin Developers In Brazil And Latin America

    May 22, 2023

    Checks Elements: Bridging the Gap Between Physical and Digital Art with NFTs | NFT CULTURE | NFT News | Web3 Culture

    May 18, 2023

    Microsoft asks shareholders to vote against an assessment of investing in Bitcoin in SEC filing

    October 25, 2024
    Facebook X (Twitter) Instagram
    • Privacy Policy
    • Get In Touch
    Facebook X (Twitter) Instagram
    CryptoHoppers.comCryptoHoppers.com
    • News

      UAE Rejects $100K Crypto Visa Program as TON’s Staking Plan Triggers Regulatory Backlash

      July 8, 2025

      Digital trade tensions take center stage between the U.S. and South Korea

      July 7, 2025

      Traders Gear Up: FOMC Prep Signals Bitcoin, Altcoin Buying Frenzy

      July 6, 2025

      Bitcoin: Here's why BTC might fall to $105K despite all the hype

      July 5, 2025

      Crypto Analyst Says Bitcoin Will ‘Leave People in Awe’ Once BTC Breaks Out, Outlines Path Forward for XRP

      July 4, 2025
    • Technology

      CleanSpark Doubles Bitcoin Mining Power After Georgia Expansion

      July 8, 2025

      Dogecoin price double bottoms as whale accumulation continues

      July 7, 2025

      Comment on Metaplanet Joins Top 5 Bitcoin Holders With 13,350 BTC as Stock Surges 10% by Bitcoin Treasuries Boom as Firms Add 8,400 BTC in Just One

      July 6, 2025

      Sonic Unveils New Consensus Protocol, Promising 2x Speed and 68% Less Memory Use

      July 5, 2025

      Why are Bitcoin and altcoins going down today?

      July 4, 2025
    • Learn/Guide

      Cardano Foundation unveils blockchain-based tool to simplify audit compliance and enhance financial reporting

      July 8, 2025

      Plume Network brings real-world yield to TRON’s global payment ecosystem via SkyLink integration

      July 7, 2025

      TON introduces UAE Golden Visa program through crypto staking, Toncoin soars 13%

      July 6, 2025

      Russia’s industrial powerhouse Rostec to launch ruble-backed token on Tron

      July 5, 2025

      Dormant Bitcoin whale activates after 14 years and moves 60,000 BTC

      July 4, 2025
    • NFTs

      1mouth Analog: miirror’s Raw Leap from Digital to Handmade Chaos | NFT CULTURE | NFT News | Web3 Culture

      May 9, 2025

      NFTCulture Expands Into TCGs with Cardcore.xyz: Where Digital Collectibles Meet Competitive Play | NFT CULTURE | NFT News | Web3 Culture

      May 8, 2025

      From Moonshots to Broken Links: The Rise and Fall of CloneX | NFT CULTURE | NFT News | Web3 Culture

      April 24, 2025

      Pacific Spirit: Vinyl Meets Code in a Groundbreaking Generative Drop on Art Blocks | NFT CULTURE | NFT News | Web3 Culture

      April 16, 2025

      Daizen: Elevating the NFT Multiverse on Apechain Blockchain | NFT CULTURE | NFT News | Web3 Culture

      December 5, 2024
    • Regulation

      SEC Drops Binance Lawsuit: How Regulatory Clarity Could Spark a BNB Price Rally

      May 30, 2025

      Kentucky Governor Signs Off On ‘Bitcoin Rights’ Bill, Strengthening Crypto Protections

      March 31, 2025

      Utah Moves Closer To Bitcoin Reserve As Bill Advances To Senate Standing Committee

      February 23, 2025

      Bitcoin ETFs In Focus As Kansas Senator Proposes Up To 10% Pension Fund Allocation

      January 26, 2025

      MicroStrategy May Face Tax Issues Over $19 Billion Unrealized Bitcoin Gains: Report

      January 25, 2025
    • Business

      Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

      November 17, 2024

      Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus

      November 16, 2024

      Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

      November 15, 2024

      Bitcoin Mining Company Mara Holdings Now Holds 26,747 Bitcoin: Q3 Earnings Report Reveals

      November 14, 2024

      Brazil Prepares to Let Tradfi Institutions Embrace Crypto

      November 13, 2024
    • Live Pricing
    CryptoHoppers.comCryptoHoppers.com
    Home » Long-Term Bitcoin Hodlers Unfazed By Binance, Coinbase Lawsuits: Glassnode
    News

    Long-Term Bitcoin Hodlers Unfazed By Binance, Coinbase Lawsuits: Glassnode

    June 16, 20233 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    bitcoin
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Long-term Bitcoin holders are standing strong amidst the storm, undeterred by the recent lawsuit filed against Binance and Coinbase Exchange by the US Securities and Exchange Commission (SEC). 

    The resilience of these dedicated holders is evident as data from crypto markets analytics provider, Glassnode, reveals that the percentage of Bitcoin Long-Term Holder Supply sent to Exchanges remains incredibly low, standing at a mere 0.004%.

    While regulatory actions have sent shockwaves through the crypto community, long-term holders of the crypto remain unwavering in their commitment to this pioneering digital asset. 

    The percentage of #Bitcoin Long-Term Holder Supply sent to Exchanges remains extremely quiet at 0.004%.

    This highlights the profound inactivity of the cohort amidst elevated market distress, remaining indifferent to the #Binance and #Coinbase regulatory charges. pic.twitter.com/yWfdQHu4Ca

    — glassnode (@glassnode) June 11, 2023

    Their steadfast belief in the potential of Bitcoin to revolutionize the financial landscape acts as an unbreakable bond that shields them from the turbulence of the present moment. 

    FUD Fails To Shake Bitcoin Holders

    Contrary to prevailing expectations that the recent lawsuits targeting Coinbase and Binance would spur a mass exodus of cryptocurrency assets, a comprehensive analysis by Glassnode has shattered this assumption. The data provided by Glassnode shows that these legal proceedings have had no discernible impact on the unwavering resolve of long-term BTC holders.

    According to Glassnode’s classification, long-term holders encompass those who have valiantly held their BTC for over 155 days, an impressive feat in the fast-paced world of cryptocurrencies. Remarkably, these individuals have shown no inclination to liquidate their assets through the embattled trading platforms. 

    Glassnode’s meticulous examination of the situation has already demonstrated the limited likelihood of assets held for such extended periods being readily sold off.

    Bitcoin retreats to the $25K region today. Chart: TradingView.com

    Bitcoin Challenges SEC’s Definition Of Securities

    In the vast web of the SEC’s efforts to classify digital assets as securities, one prominent exception stands tall: Bitcoin. The SEC’s framework, hinging on the famous Howey Test, faces significant hurdles when applied to the world’s leading cryptocurrency.

    The Howey Test finds its roots in a landmark 1946 Supreme Court case involving the sale and leaseback of Florida orange groves by W.J. Howey Co. The court deemed these leaseback arrangements as investment contracts, necessitating their registration with the SEC.

    Bitcoin

    Image: Investor's Business Daily

    This case further laid out the definition of a security, specifically as “an investment of money in a common enterprise with profits to come solely from the efforts of others.”

    Even today, the SEC continues to rely on this measure. However, BTC’s unique attributes, staunchly defended by its proponents, prevent it from satisfying the requirements of the Howey Test. 

    Prominent figures within the SEC, including current chairman Gary Gensler and former chief Jay Clayton, have consistently expressed the belief that the alpha coin does not fall under the definition of a security. 

    Gensler reiterated this stance, stating unequivocally, “It’s not,” during recent public comments.

    Featured image from NurPhoto/Getty Images





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    UAE Rejects $100K Crypto Visa Program as TON’s Staking Plan Triggers Regulatory Backlash

    July 8, 2025

    Digital trade tensions take center stage between the U.S. and South Korea

    July 7, 2025

    Traders Gear Up: FOMC Prep Signals Bitcoin, Altcoin Buying Frenzy

    July 6, 2025

    Bitcoin: Here's why BTC might fall to $105K despite all the hype

    July 5, 2025
    Top Posts

    HK Asia Holdings Buys One Bitcoin and Its Stocks Surge by Over 90%. Will BTC Bull Explode?

    February 20, 2025

    Revolutionizing the Telecom Industry With Blockchain

    June 8, 2023

    Historical Data Suggests Bitcoin Could Rise 1,000%, Here’s Why

    August 22, 2024

    Welcome to CryptoHoppers.com! Stay informed with the latest updates, trends, and insights from the dynamic world of cryptocurrencies. From Bitcoin to altcoins, blockchain technology to decentralized finance (DeFi), we cover it all. Discover expert analysis, market trends, regulatory developments, and exciting innovations shaping the crypto industry.

    Top Insights

    UAE Rejects $100K Crypto Visa Program as TON’s Staking Plan Triggers Regulatory Backlash

    July 8, 2025

    Digital trade tensions take center stage between the U.S. and South Korea

    July 7, 2025

    Traders Gear Up: FOMC Prep Signals Bitcoin, Altcoin Buying Frenzy

    July 6, 2025
    Advertisement
    Demo
    CryptoHoppers.com
    Facebook X (Twitter) Instagram
    • News
    • Technology
    • Learn/Guide
    • Regulation
    • NFTs
    • Business
    • Live Pricing
    © 2025. Designed by CryptoHoppers.com.

    Type above and press Enter to search. Press Esc to cancel.