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Glassnode: BTC, ETH, and SOL Hit Single-Day Profit Peaks Recently
Summary: According to Glassnode data shared on social media, the market is showing signs of contraction, mainly due to large-scale profit-taking by investors holding for over 1 month (non-day traders), including: - July 18: Bitcoin holders of over 1 month realized profits exceeding $1.5 billion, marking the largest single-day profit peak since December 2024 - August ...
According to Glassnode data shared on social media, the market is showing signs of contraction, mainly due to large-scale profit-taking by investors holding for over 1 month (non-day traders), including:
- July 18: Bitcoin holders of over 1 month realized profits exceeding $1.5 billion, marking the largest single-day profit peak since December 2024
- August 16: Ethereum saw profits of $575 million, the largest profit-taking wave in the current cycle so far, indicating long-term holders are risk-averse
- August 17: SOL holders of over 1 month realized profits exceeding $105 million, marking the largest single-day profit event since the early 2025 surge
