According to the On-chain analytics provider Glassnode, long-term Bitcoin holders are refusing to sell despite a five-month price high. In addition, the reports note that BTC wallets have not seen outflows for more than 155 days and are currently sitting on nearly 13.3 million BTC or 70% of Bitcoin’s supply. Over the past seven months, the long-term holders have increased their collective stash by more than 2.37 million BTC (roughly $134 billion at current prices).