Bitcoin Long-Term Holders Purchase 370,000 BTC Over Past 30 Days… Holdings Reach Record High

Bitcoin long-term holders added approximately 370,000 BTC over the past 30 days, increasing their total holdings to a record high of 16.34 million BTC. According to blockchain media CoinPost, on-chain analyst Axel Addler noted that this accumulation has continued uninterrupted since mid-January for 186 days. While the 30-day increase rate for long-term holders was 2.32%, Bitcoin's price fell from $65,700 to $63,800, nearly halving from its level a year ago. Addler analyzed this trend as a shift from weak to strong hands but noted supply shifts alone did not drive price increases. Recent CDD (Coin Days Destroyed) showed an upward trend, rising 63% from March's low of 192 million and 21% above a month ago. The 30-day average daily CDD reached 1.04 billion, surpassing the previous 860 million. Addler suggested that sustained CDD above 4.5 billion could signal the start of long-term holders selling older coins. Although supply-side accumulation continues to increase supply pressure, weak demand still acts as a price drag. He added that Bitcoin's price needs to remain stable for the 30-day increase in long-term holders' supply to translate into price gains.