Market Contraction Evident as Long-Term Investors Realize Significant Profits

According to BlockBeats, Glassnode has reported signs of market contraction, primarily driven by substantial profit-taking from investors holding assets for over a month. On July 18, Bitcoin holders with positions exceeding one month realized profits of over $1.5 billion, marking the largest single-day profit peak since December 2024. Ethereum saw profits of $575 million on August 16, indicating the largest profit-taking wave of the current cycle, suggesting that long-term holders are engaging in risk aversion. Additionally, on August 17, SOL holders with positions over one month achieved profits exceeding $105 million, representing the largest single-day profit event since the beginning of 2025.