Axel Adler Jr.: Long term holders accumulate 371000 BTC, with tight supply but insufficient demand

CryptoQuant analyst Axel Adler Jr. stated that long-term Bitcoin holders have seen a net increase of approximately 371000 BTC over the past 30 days, with total holdings reaching 16.34 million BTC. The accumulation trend has remained positive for 186 consecutive days. The current CDD index is 313 million, far lower than the 899 million a year ago. The price of Bitcoin has fallen from $118600 to $63800 in the past year. Axel Adler Jr. pointed out that a decrease in supply cannot directly push up prices, and an increase in prices requires buying demand.