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Long-Term Bitcoin Holders Unfazed by Binance and Coinbase Lawsuits, Glassnode Data Shows

Long-term Bitcoin holders are not affected by the recent lawsuits filed against Binance and Coinbase by the SEC, according to data from Glassnode.

The percentage of Bitcoin Long-Term Holder Supply sent to exchanges remains extremely low at 0.004%. This suggests that these HODLers, defined as those who have held their BTC for more than 155 days, are not liquidating their assets through these trading platforms. Despite the regulatory uncertainty surrounding Binance and Coinbase, Bitcoin is likely to maintain its legitimacy in the near term.

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