The pace of profit-taking by veteran Bitcoin (BTC) holders has cooled off in August as they resist selling, signaling a shift in market dynamics after a record-breaking July.<\/p>\n
Data shared by on-chain analytics platform Glassnode shows<\/a> realized profits by long-term holders, measured over a seven-day moving average, have dipped sharply from July\u2019s $1 billion per day streak, which had marked one of the heaviest selling periods in the asset\u2019s history.<\/p>\n According to Glassnode, unlike the profit-taking waves between November and December 2024, which were dominated by short-term holders who had bought BTC six to twelve months before, the latest activity is being led<\/a> by long-term holders, especially those who\u2019ve been hoarding the OG cryptocurrency since the 2020-2022 cycle. These three-to-five-year investors are now realizing gains, while the rest appear content to ride out current price levels, despite it hovering near the all-time high of $123,091 set just weeks ago.<\/p>\n On-chain indicators are also pointing to changing market composition. Recent CryptoQuant data revealed<\/a> an increase in smaller, retail-sized orders dominating BTC futures activity, with the number of institutional-sized whale trades dropping since late Q2 2025.<\/p>\n While in previous cycles, markets dominated near their peaks by heavyweight buyers were often seen as signs of distribution phases, the current retail-heavy structure could allow prices to test new highs unless a renewed wave of large holders offloads their positions.<\/p>\n Meanwhile, network growth remains strong. Earlier today, analyst Ali Martinez tweeted<\/a> that more than 364,000 new BTC addresses were created daily last week. He said that it was the highest figure in a year, suggesting fresh retail participation even as institutional flows momentarily taper off.<\/p>\n Looking at the market, at the time of this writing, BTC was changing hands for about $121,224, up a modest 2.6% in the last 24 hours and a more solid 5.9% over seven days, after briefly surpassing $122,000 in intraday moves.<\/p>\n While the uptick is a more impressive 97.9% year-on-year, zooming in shows BTC\u2019s momentum softening compared to its July surge. In the last two weeks, the number one crypto rose by a modest 1.9%, with the improvement over 30 days being just 2.6%.<\/p>\n The cooling narrative is strengthened by recent market metrics, with CryptoQuant\u2019s Bull Score Index falling<\/a> from 80 to 60 on August 10, suggesting a slowdown in the bullish phase. Additionally, stablecoin inflows have gone down, a likely indicator that there is little capital coming into crypto at the moment.<\/p>\n The post Bitcoin Profit-Taking Slows as Long-Term Holders Hold Steady in August<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The pace of profit-taking by veteran Bitcoin (BTC) holders has cooled off in August as they resist selling, signaling a shift in market dynamics after a record-breaking July. Data shared by on-chain analytics platform Glassnode shows realized profits by long-term holders, measured over a seven-day moving average, have dipped sharply from July\u2019s $1 billion per […]<\/p>\n","protected":false},"author":0,"featured_media":87577,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-87576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/87576"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=87576"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/87576\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/87577"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=87576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=87576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=87576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Long-Term Holders Dig In After Historic Profit Run<\/h2>\n
Cooling Momentum?<\/h2>\n