Bitcoin long-term holders have accumulated approximately 371,000 BTC over the past 30 days, reaching a total of 16.34 million BTC, according to CryptoQuant analyst Axel Adler Jr. This marks a new all-time high in holdings, with the accumulation trend continuing for 186 consecutive days. Despite this, Bitcoin's price has fallen from $118,600 to $63,800 over the past year. The Coin Days Destroyed (CDD) indicator, which tracks the movement of old coins, currently stands at 313 million, significantly lower than last year's 899 million, suggesting holders are retaining rather than selling. However, the analyst notes that while supply is tightening, demand remains insufficient to drive prices up. A shift in holder behavior or a significant rebound in the CDD indicator could alter the current market dynamics.