According to Odaily Planet Daily, CryptoQuant founder and CEO Ki Young Ju said that the current atmosphere in the Bitcoin market is similar to that in mid-2020. At that time, BTC hovered around $10,000 for 6 months, and on-chain activity was active, which was later revealed to be over-the-counter transactions. Now, despite lower price volatility, on-chain activity is still active, with $1 billion added to new whale wallets every day.