What asset freeze? Binance BTC outflows muted as users shun panic selling

Bitcoin (BTC) striking three-month lows did not stimulate hodlers to worry sell, on-chain data shows.According to analytics firm Glassnode, BTC financiers have mainly overlooked the latest crypto exchange legal battles.On-chain losses “stay peaceful” BTC/USD dipped to simply $25,350 on June 6, its least expensive considering that mid-March– however it seems existing holders simply do not care.The latest information covering on-chain deals shows that in the midst of responses to the Binance and Coinbase lawsuits, few were in “panic sell” mode.A chart submitted to Twitter by Glassnode revealed realized losses– coins moving at a lower worth to their previous transaction– remaining cool.This marked a shift in sentiment for the investor base as a whole, coming in stark contrast to the events which followed the implosion of exchange FTX in late 2022. Source: Glassnode/TwitterFor context, the FTX event stimulated $145 billion in recognized losses– over 10 times the June 5 tally.Exchange BTC traders not hurrying for the exitThe most current data readily available which covers exchange balances informs a similar story of resilience.Related: Binance net outflows hit $778M on Ethereum because SEC charges: NansenAs per Glassnodes tracking tools, major exchanges saw just a modest reduction in BTC balances on June 5-6. This amounted to around 12,600 BTC, possibly indicating a similar lack of desire among users to remove their funds from hot wallets.Compared to FTX, the scenario when again stands out, as mass exchange withdrawals defined much of last November.Bitcoin Exchange Balance chart.

Publication: Bitcoin is on a clash with Net Zero promisesThis post does not consist of investment guidance or recommendations. Every financial investment and trading relocation involves risk, and readers need to perform their own research study when deciding.