BlockBeats news, on August 20, Glassnode released data on social media stating that signs of market contraction have emerged, primarily due to large-scale profit-taking by investors holding positions for over 1 month (non-day traders), among which:
· July 18: Investors holding Bitcoin for more than 1 month realized profits exceeding 1.5 billion USD, the largest single-day profit peak since December 2024
· August 16: Ethereum realized profits of 575 million USD, the largest profit-taking wave of this cycle so far, indicating that long-term holders are risk-averse
· August 17: Investors holding SOL for more than 1 month realized profits exceeding 105 million USD, marking the largest single-day profit event since the rise at the beginning of 2025
