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

Odaily reports that CryptoQuant analyst Axel Adler Jr. posted on platform X, stating that Bitcoin long-term holders have net added approximately 371,000 BTC over the past 30 days, bringing their total holdings to 16.34 million BTC, a new 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.