On June 29th, IntoTheBlock released its Q2 market report, stating that BTC and ETH fell by 12.8% and 3.1% respectively. The number of BTC held by long-term investors decreased, with a balance reduction of 160,000 BTC (approximately $10 billion) in May and a reduction of 40,000 BTC in June. Since June, Bitcoin miners have sold more than 30,000 BTC (approximately $2 billion). Currently, 78% of ETH is held by long-term holders. L2 trading volume has increased fourfold, with the top three L2 networks (Arbitrum, Base, and Optimism) seeing a fourfold increase in trading volume over the past year.