Long-term holders increased their holdings by 371,000 BTC over the past 30 days, bringing their total holdings to 16.34 million BTC—a new all-time high.

Svmuu News: CryptoQuant analyst Axel Adler Jr. posted on X, stating that long-term holders of Bitcoin have seen a net increase of approximately 371,000 BTC over the past 30 days, bringing their total holdings to 16.34 million—a new all-time high—and that the accumulation trend has remained positive for 186 consecutive days.Meanwhile, the CDD metric 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 merely decreases the number of coins available for sale; price increases require buying demand.