$BTC $USDC The “diamond hands” of Bitcoin
they are not acting as if the BTC price has reached its all-time high of $73,800
In new research published on May 28, on-chain analytics firm Glassnode showed that selling pressure on older coins is only half as intense as at previous bull market peaks.
Bitcoin investors refrain from taking profits
Long-term Bitcoin (LTH) holders continue to resist the temptation to take profits, even with the BTC price near $70,000.
Despite having an average profit of 3.5x, LTH wallets are not selling BTC at a rate that would make the current bull market unsustainable.