Bitcoin: Long-term holders in no mood to sell

The percentage of supply held for longer than a year climbed to an ATH of 68%, revealing investors’ lack of willingness to sell.

✓Most holders, on average, were in a state of profit but were strongly resisting the urge to sell.

✓Long-term holder supply increased from 75% to 78.62% since the low volatility phase kicked in.

The intense pressure exerted by U.S. regulators on major crypto entities has fueled substantial FUD among market participants. Coupled with May’s extended period of low volatility, there has been little to cheer for these players lately. #bitcoin #BTC