PANews reported on May 31 that Ki Young Ju, founder and CEO of CryptoQuant, said on the X platform that the current BTC atmosphere is the same as in mid-2020. At that time, BTC hovered around $10,000 for 6 months, with frequent on-chain activities, which were later revealed to be over-the-counter transactions. Now, despite lower price volatility, on-chain activities are still active, with $1 billion added to new whale wallets every day.