On-chain Analyst Willy Woo has said, “Binance customers don’t care” about recent enforcement actions by the Securities Exchange Commission (SEC).
Woo made the comments regarding Bitcoin holders on the main global platform. However, further analysis showed Binance.US altcoin holders are withdrawing significant funds.
Binance Bitcoin balance holds steady
On June 6, the SEC filed a motion requesting the court freeze assets held by Binance.US.
On-chain analysis conducted by Woo showed Binance’s Bitcoin balance appears relatively stable, implying that users are not panicking or rushing to withdraw their BTC at present.
“Not seeing much BTC leaving, not yet at least.“
One commenter replied to Woo that this reflected a change in sentiment: “People are finally saying FU to the corruption of Gensler and the governments.”
Another echoed Woo’s premise of Binance users remaining largely unfazed, saying the SEC “overplayed their role,” and investors no longer consider them a
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