Long-term holders have added 371,000 BTC in the past 30 days, with total holdings reaching a record 16.34 million BTC

Theo Odaily, CryptoQuant analyst Axel Adler Jr. posted on platform X that over the past 30 days, long-term Bitcoin holders have net accumulated approximately 371,000 BTC, bringing total holdings to 16.34 million BTC—an all-time high. 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 dropped 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.