The cryptocurrency market may appear unstable after the recent sharp decline, but blockchain data tells a different story. Significant waves of profit realization have been recorded among long-term holders of Bitcoin, Ethereum, Solana, XRP, and Tron.
Bitcoin Profit Realization
Bitcoin (BTC) saw its biggest profit spike since December 2024. On July 18, investors holding BTC for over a month cashed out more than $1.5 billion in profits, often seen when long-term investors decide to secure gains after extended rallies.
Meanwhile, Whale Alert reported that in the past few hours, a whale transferred 580 BTC to Binance, raising eyebrows about potential sell pressure.
As of now, the Bitcoin price is down to $113,720.
Ethereum's Achievement
Ethereum (ETH) followed suit with holders realizing $575 million in profits on August 16, marking the largest profit-taking event in the current cycle.
However, this indicates that even Ethereum’s strongest supporters are playing it safe, trimming exposure amid market uncertainty.
Onchain data noted that Ethereum network activity is also seeing a massive drop.
Trends Among Other Altcoins
Other notable altcoins are showing similar patterns. Solana (SOL) saw its biggest profit-taking event since early 2025 on August 17, when holders cashed out over $105 million. SOL’s current price hovers around $182, indicating significant profit-taking pressure for this once high-flying blockchain asset.
XRP holders recorded a $375 million profit spike on July 24, resembling the distribution pattern seen during the rally in December 2024.
Perhaps most surprising was Tron. On August 6, TRX holders locked in $230 million in profit, the biggest in the network’s history, with TRX priced today near $0.35.
Collectively, these profit-taking signals confirm that while the market shows signs of contraction, seasoned investors are strategically safeguarding their positions. The next significant move in the crypto market will depend on whether new buyers step in to absorb this heavy wave of distribution.
