The BTC offer on the stock exchanges falls on a 5-year low due to the panic triggered by the SEC

The BTC offer on the stock exchanges falls on a 5-year low due to the panic triggered by the SEC

The blockchain analysis provider Santiment announced that the Bitcoin range of cryptocurrency exchanges is currently 6.4 %, which has been the lowest level since February 2018.

The rapid change towards self-negation methods could be a result of the legal steps of the SEC against two of the leading crypto platforms-bony and coin base. The Commission recently submitted complaints and accused companies of offering trade services with unregulated securities.

• data from santiment Crypto retailers continue to withdraw their Bitcoin stocks from the stock exchanges. Currently only 6.4 % of the BTC offer are held on such platforms, while this value was 16 % in early 2020
• The last time that the percentage was so low was in February 2018, in the middle of a market correction for several months.

📉 #bitcoin that Foreign range has now dropped to the lowest level since February 2018. The dealers continue to move $ Btc Rel = "Nofollow Noopener" Target = "_ Blank" href = "https://twitter.com/hashtag/binance?src=hash&ref_src=twsrc%5etfw" Data-Wpel-Link = "External">#Binance & #coinbase . As long as these Sek If this trend continues. https://t.co/cboxj8oa07 14. June 2023

• A main factor for the ongoing trend could be the latest legal disputes that the US stock exchange supervision SEC led against the two crypto giant Binance and Coinbase, and the resulting problems of trust that could have some with the stock exchanges.
• The Hard Measures of the supervisory authority began on June 5, when Binance began to offer CEO Changpeng Zhao and Binance. Used customers not licensed products such as the native token BNB and StableCoin Busd, and submitted a lawsuit against them.
• A day later, Coinbase targeted Say Preserver-Spaces = "True"> acted as a broker, clearing and national securities exchange, without first obtaining the necessary approval. The agency also claimed that the platform enabled commercial services with non -registered securities, including SOL, MATIC, ADA and others.
• The graphic from Santiment also showed that the most extensive deductions of BTC from the stock exchanges after the collapse of FTX at the end of last year. Therefore, one can certainly assume that the percentage of the Bitcoins stored on stock exchanges will continue to be at the bottom, since there is great uncertainty in terms of trading platforms.
• However, this is generally a positive sign of the asset, since the sales pressure in view of the lower number of BTC that are stored on the stock exchanges should be significantly lower.

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