Glassnode: Selling pressure from long-term Bitcoin holders has significantly decreased recently

ChainCatcher news, according to Glassnode data, Bitcoin long-term holders (LTH) significantly sold off when Bitcoin reached its historical high of $73,000 in March. However, in recent weeks, this selling pressure has notably eased, reducing market resistance and providing more room for bullish sentiment.

It is reported that the LTH binary spending metric is used to analyze the intensity of holders' selling pressure, and the latest data indicates that bulls currently have a better market environment.