Bitcoin ‘diamond hands’ cut selling by nearly 50% at $73.8K — Research
Bitcoin long-term holders are doing their best to avoid profit-taking despite sitting on BTC worth several times its purchase value.
Bitcoin (BTC) “diamond hands” are not acting like BTC price action peaked at its $73,800 all-time highs.
In new research on May 28, on-chain analytics firm Glassnode showed that selling pressure from older coins is barely half as intense as prior bull market tops.
Bitcoin long-term holders (LTHs) continue to resist the urge to take profit — even with BTC price action near $70,000.
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Author: William Suberg
