On June 29th, IntoTheBlock released the second quarter market report, BTC and ETH fell by 12.8% and 3.1% respectively. The number of BTC held by BTC long-term investors has decreased. The balance of bitcoin holders decreased by 160,000 BTC (about $10 billion) in May and 40,000 BTC in June. Bitcoin miners have sold more than 30,000 BTC (~ $2 billion) since June. Currently 78% of ETH is held by long-term holders. L2 trading volume has increased by 4 times, and the top three L2 networks (Arbitrum, Base, and Optimism) have seen a 4-fold increase in trading volume in one year.