According to NS3.AI, CryptoQuant has reported that the supply of Bitcoin held by long-term holders has reached a record 15.8 million BTC. This increase may indicate slower turnover rather than a stronger conviction among holders. The firm also noted that the supply held by short-term holders has decreased by approximately 2.2 million BTC since December. Additionally, CryptoQuant observed that whale accumulation has stalled, and demand from ETFs and other large holders has slowed.