78% of ETH is held by long-term holders, and Bitcoin miners sold more than 30,000 BTC in June
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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