Glassnode’s data shows that Bitcoin led the profit-taking among these digital assets, accounting for more than 50% of the activity.
On July 18, Bitcoin holders who had owned the flagship crypto for more than a month realized over $1.5 billion in gains. According to Glassnode, this is the largest single profit withdrawal since December 2024.
Meanwhile, Ethereum, the second-largest digital asset by market capitalization, followed a similar trajectory.
On Aug. 16, long-term ETH holders pulled approximately $575 million from the market, marking the largest profit event for the token in this cycle.
Other major cryptocurrencies also recorded notable profit-taking events during the past month.
