Glassnode: Bitcoin Long-Term Holders Realized $1.5B on July 18 — Largest Single-Day Profit Since Dec 2024 Sparks Market Contraction
BTC/USDT
$17,366,629,629.18
$71,554.95 / $68,531.50
Change: $3,023.45 (4.41%)
-0.0023%
Shorts pay
Data from on-chain analytics firm Glassnode signals a short-term market contraction driven by concentrated profit-taking among holders with positions exceeding one month (non-day traders), reflecting a pullback in liquidity as longer-duration investors lock in gains.
On July 18, Bitcoin long-term holders realized in excess of $1.5 billion in profits, constituting the largest single-day profit peak since December 2024 and highlighting episodic distribution pressure on BTC market depth.
Subsequent flows include Ethereum on August 16 with roughly $575 million realized — the largest profit-taking wave of the cycle — and SOL on August 17 realizing over $105 million, the biggest single-day event since the early 2025 surge, indicating elevated risk aversion among longer-term holders.