A significant wave of profit-taking has swept through cryptocurrency markets, with long-term investors capitalizing on recent all-time highs.<\/p>\n
Fresh on-chain data reveals that holders of major assets have collectively sold off approximately $2.8 billion in gains, contributing to a widespread market cooldown.<\/p>\n
Analytics firm Glassnode reported<\/a> on August 20 that holders of more than one month booked billions in profits across top digital assets, including Bitcoin (BTC), Ethereum (ETH), Ripple\u2019s XRP, Solana (SOL), and Tron (TRX).<\/p>\n Bitcoin set the pace, with holders registering a massive $1.5 billion in realized profits on July 18, the largest such event since December 2024. ETH followed suit, peaking at $575 million on August 16, with the figure also marking its most substantial profit-taking spike of the current market cycle.<\/p>\n Solana mirrored this activity, seeing more than $105 million in profits realized on August 17, its largest since early 2025, while XRP hit a $375 million profit-taking event on July 24, echoing behavior from its late 2024 rally.<\/p>\n According to Glassnode, this collective action shows a strategic decision by experienced investors to lock in gains following a prolonged upward trend, directly influencing the current price pressure.<\/p>\n The timing of the reaping comes alongside increased volatility in the market. As previously reported by CryptoPotato, BTC dropped below $113,000 for the first time since early August, dragging<\/a> down other cryptocurrencies, including ETH, which went below $4,200, while XRP was pushed under the $3.00 support. Meanwhile, Cardano (ADA) was among the hardest hit, plunging 8% to $0.85, while the overall market shed more than $70 billion in capitalization overnight.<\/p>\n Interestingly, the selloff has also come at a time when there is a stark shift in crowd psychology. Data shared today by Santiment showed<\/a> that social media sentiment toward BTC has turned sharply negative, hitting its lowest since June. Historically, such fear-driven phases have often marked local bottoms, with contrarian traders stepping in to take advantage of the increasing panic in the market.<\/p>\n Short-term data further shows the divide between long- and short-term participants. A recent CryptoQuant report noted that investors who have held Bitcoin for less than five months had realized losses<\/a> for the first time since the start of the year. Such events, according to the platform\u2019s analysts, either flush out weaker hands before a rebound or risk deeper corrections if selling accelerates.<\/p>\n Meanwhile, Tron is offering a counterpoint. Despite heavy long-term profit-taking earlier this month, short-term TRX holders are sitting<\/a> on gains of more than 30%, sparking optimism for continued momentum.<\/p>\n The post Long-Term BTC, ETH, XRP, SOL Investors Lock in $2.8B as Market Stalls<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" A significant wave of profit-taking has swept through cryptocurrency markets, with long-term investors capitalizing on recent all-time highs. Fresh on-chain data reveals that holders of major assets have collectively sold off approximately $2.8 billion in gains, contributing to a widespread market cooldown. $2.8B in Realized Profits as Major Coins Face Selling Pressure Analytics firm Glassnode […]<\/p>\n","protected":false},"author":0,"featured_media":89976,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-89975","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\/89975"}],"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=89975"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/89975\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/89976"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=89975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=89975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=89975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Market Sentiment, Short-Term Pain, and the Road Ahead<\/h2>\n