长期holders added 371,000 BTC in 30 days, total holdings reach 16.34 million, hitting a new all-time high

Odaily Odaily Planet Daily News CryptoQuant analyst Axel Adler Jr. posted on platform X stating that Bitcoin long-term holders have added approximately 371,000 BTC net in the past 30 days, with total holdings reaching 16.34 million BTC, setting a new all-time high, and the accumulation trend has remained positive for 186 consecutive days. Meanwhile, the current CDD indicator 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, Bitcoin's price has fallen from $118,600 to $63,800. Axel Adler Jr. stated that a reduction in supply only decreases the amount of coins available for sale, while price increases require buying demand.