Glassnode: Major Tokens Such as BTC, ETH, and SOL Hit All-Time Highs in Daily Profit
BlockBeats News, August 20th, Glassnode posted data on social media indicating a market contraction, primarily due to large-scale profit-taking by investors holding for over 1 month (non-day traders), including:
· July 18th: Bitcoin holders of over 1 month realized profits exceeding $1.5 billion, marking the largest single-day profit peak since December 2024
· August 16th: Ethereum saw profits of $575 million, the largest profit-taking wave so far in this cycle, indicating that long-term holders are risk-averse
· August 17th: SOL holders of over 1 month realized profits exceeding $105 million, marking the largest single-day profit event since the early 2025 surge
You may also like
Gainers
Latest Crypto News
BNP Paribas: Fed to Continue Cutting Interest Rates Next Year, Room for Further Decline in US Bond Yields
The Government of the Kingdom of Bhutan transferred 175.44 ETH, approximately $49,700 USD.
GIGGLE has retraced yesterday's gains, pulling back around 27% from its peak.
A trader closed a $18.8 million USD ETH short position at a profit of $909,000 USD
A whale bought 65.65 WBTC the day before liquidation and suffered a loss of $316,000.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]