Long-term holders added 371,000 BTC in 30 days, with total holdings reaching a new all-time high of 16.34 million BTC

According to CryptoQuant analyst Axel Adler Jr. on X platform, long-term Bitcoin holders have added approximately 371,000 BTC net over the past 30 days, bringing their total holdings to a record high of 16.34 million BTC, with the accumulation trend remaining positive for 186 consecutive days. Meanwhile, the CDD indicator currently stands at 313 million, down from 899 million a year ago, indicating that long-term holders are still holding rather than selling. Over the past year, the price of Bitcoin has fallen from $118,600 to $63,800. Axel Adler Jr. noted that a reduction in supply only decreases the number of coins available for sale; price increases require buying demand.