Bitcoin long-term holders (LTHs) are resisting the urge to sell despite the cryptocurrency's price nearing $70,000. On-chain analytics firm Glassnode's research shows that selling pressure from older coins is only half as intense as previous bull market peaks. Even with an average profit of 3.5 times, LTHs are not selling at a rate that would make the current bull market unsustainable. The report also notes that LTHs have started to re-accumulate coins for the first time since December 2023, suggesting a resurgent investment trend.