PANews reported on June 29 that IntoTheBlock released its second-quarter market report, showing that BTC and ETH fell by 12.8% and 3.1%, respectively. The number of BTC held by long-term investors has decreased, with holders' balances dropping by 160,000 BTC (approximately $10 billion) in May and 40,000 BTC in June. Since June, Bitcoin miners have sold over 30,000 BTC (approximately $2 billion). Currently, 78% of ETH is held by long-term holders. L2 transaction volume has increased fourfold, with the top three L2 networks (Arbitrum, Base, and Optimism) seeing a fourfold increase in transaction volume over the past year.