Glassnode: When Bitcoin hits a new high, the selling pressure of the "diamond hand" is only half of the previous bull market peak

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ODAILY
05-29
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Odaily Odaily News: On-chain analysis company Glassnode said in a new research report on May 28 that the selling pressure from "diamond hands" is only half of the previous bull market top. Bitcoin long-term holders (LTH) continue to resist the urge to take profits - even as BTC price trends approach $70,000 and LTH wallets have an average profit of 3.5 times. So far, LTH wallets have not sold BTC at a rate that makes the current bull market unsustainable.

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