Bitfinex Alpha #59 | The Crypto Market's Response to Legal Action against Binance and Coinbase

In light of recent legal charges against #Binance and #Coinbase by the US Securities and Exchange Commission (#SEC), the #cryptomarket has responded. In [Bitfinex Alpha Issue #59](https://blog.bitfinex.com/wp-content/uploads/2023/06/Bitfinex-Alpha-59.pdf), we have thoroughly analyzed various metrics that shed light on the market's reaction to these ongoing #legalactions. These metrics include: - On-chain data reflecting #investorconfidence and resilience - #Inflows and #outflows on Binance and Coinbase #exchanges - The behaviour of Short-Term Holders (#STHs) and Long-Term Holders (#LTHs) - #WhaleMarketValue to #RealizedValue (#MVRV) - #CoinDaysDestroyed (#CDD) metric, among others. Discover more about these metrics and their implications by accessing the [detailed report](https://blog.bitfinex.com/wp-content/uploads/2023/06/Bitfinex-Alpha-59.pdf). As the legal disputes continue, it will be fascinating to observe the evolution of these trends and their implications for the market's future. Stay updated by subscribing to our [weekly newsletter](https://blog.bitfinex.com/bitfinexalpha/).