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CryptoQuant analyst Axel Adler Jr. stated that the long-term holder supply of Bitcoin is 16.35 million BTC, which is only 58000 BTC lower than the historical peak of 16.41 million BTC on July 30th, and has increased by 1.38 million BTC in the past 90 days. In the past 15 days, there have only been 2 days where the supply of long-term holders has decreased, resulting in low selling pressure. The current price of Bitcoin is about $64200, and the long-term holder cost base is about $49400, which is in the low-risk zone between $49400 and $74100.