Glassnode: Signs of market contraction appear, multiple cryptocurrencies reach historical profit-taking peaks

ChainCatcher news, Glassnode's analysis indicates that investors holding positions for over 1 month (excluding day traders) have recently taken significant profits, leading to signs of contraction in the crypto market. Several mainstream crypto assets experienced a notable peak in profit realization during July-August 2025.

BTC saw a profit-taking of over $1.5 billion on July 18, marking the largest scale since December 2024. ETH reached a profit realization peak of $575 million on August 16, indicating that long-term holders are avoiding risks. SOL followed closely, realizing over $105 million in profits on August 17, setting a new high since early 2025.

Meanwhile, XRP's profit-taking surged to $375 million on July 24, showing a distribution pattern similar to the rebound in December 2024. TRX reached a historical profit realization level of $230 million on August 6, reflecting the selling pressure faced by altcoins in general.