After all of this drama of “securities“, long-term holders did not even flinch and sold nearly nothing. Be like them.

Undoubtedly, one of the biggest dramas Crypto since we had become more mainstream was always the SEC and how they may be in to regulate us. That cess pool of stress just had a tipping point last week where the SEC chose complete violence and went after the two biggest Crypto, out of whom one even is a publicly listed company. During that process a ton of alts got declared as securities, it may be safe to say that all are.

The fear in the markets was officially back, we had dipped to $25.5k immediately and today even dropped below our crucial spot of $25k (which may even up being disastrous). Short-term holders obviously panicked and sold, but not us… not us

​

Transfer Volume of long-term holders to exchanges, from James V Straten

As most of us here are long-term holders after holding through one whole year and more of a bear market, it is good to see so much conviction between us even in the most uncertain times.

As the SEC went out with violence, long-term holders did not even flinch, long-term holders sold way more during the SVB banking failure than right now, in fact there was nearly no elevated transfer volume of long-term holders to exchanges recored at all as of last week.

And it is right that way. If we could survive through a whole bear market of LUNA, Celsius, FTX and what not, would we really succumb to the fucking SEC?