Over the last month, crypto investors who have held the top five cryptocurrencies by market value for more than 30 days have collectively seen profits totaling almost $2.8 billion. This information comes from data analysis by Glassnode.
The blockchain analytics firm suggests that the cryptocurrency market may be experiencing a slowdown. This is attributed to significant profit-taking across major digital assets, including
Bitcoin,
Ethereum,
Solana,
XRP, and
Tron, as investors capitalize on recent market gains.
Bitcoin Dominates Realized Gains
Glassnode’s findings indicate that Bitcoin was the primary driver of these profit-taking activities, representing more than half of the total gains realized.
On July 18th, Bitcoin holders who had maintained their positions for over a month extracted profits exceeding $1.5 billion. Glassnode reports this as the largest single instance of profit realization since December of 2024.
This significant profit-taking coincided with Bitcoin’s price reaching above $119,000. The ability to realize gains at this price level, which is considerably higher than its current value of around $113,000, offered an appealing prospect for investors to secure their returns while market sentiment remained optimistic.
Ethereum, the second-largest cryptocurrency by market cap, followed a similar pattern.
On August 16th, long-term Ethereum investors withdrew roughly $575 million from the market. This represents the most significant profit-taking event for Ethereum during this market cycle.
Notably, this selling pressure has contributed to an 11% decrease in Ethereum’s market price over the last week, lowering its value to $4,177.
XRP Leads Altcoin Profit-Taking
Other major altcoins also experienced noteworthy profit-taking events during the past month.
Solana investors cashed out over $105 million on August 17th. This marks the largest profit extraction since the price surged above $200 in early 2025.
Following suit, XRP holders took profits totaling approximately $375 million on July 24th. This selling pattern resembles the distribution observed during the rally following Donald Trump’s election victory in December 2024.
Furthermore, investors within the Justin Sun-associated Tron network also saw a record profit realization of $230 million on August 6th. This is the largest single-day profit realization event the network has ever experienced.
