Long-Term BTC, ETH, XRP, and SOL Holders Secure $2.8B as Market Slows Down

A notable surge in profit-taking has occurred in the cryptocurrency markets, with long-term investors taking advantage of recent all-time highs.

New on-chain data indicates that holders of major assets have collectively realized around $2.8 billion in profits, leading to a general market cooldown.

$2.8B in Realized Profits as Major Coins Experience Selling Pressure

Analytics firm Glassnode reported on August 20 that holders who had their assets for more than a month booked billions in profits across top digital currencies, including Bitcoin (BTC), Ethereum (ETH), Ripple’s XRP, Solana (SOL), and Tron (TRX).

Bitcoin led the way, with holders claiming a staggering $1.5 billion in realized profits on July 18, marking the largest such event since December 2024. ETH followed with a peak of $575 million on August 16, representing its most significant profit-taking surge in the current market cycle.

Solana reflected similar trends, with over $105 million in profits realized on August 17, its highest since early 2025, while XRP experienced a $375 million profit-taking event on July 24, paralleling trends from its late 2024 rally.

According to Glassnode, this collective effort is indicative of seasoned investors making a strategic choice to secure gains after an extended upward trajectory, which is directly affecting current price pressures.

This profit-taking coincides with increased market volatility. As previously reported by CryptoPotato, BTC fell below $113,000 for the first time since early August, dragging down other cryptocurrencies, including ETH, which dipped below $4,200, while XRP settled below the $3.00 support. Concurrently, Cardano (ADA) was significantly impacted, dropping 8% to $0.85, as the overall market lost over $70 billion in capitalization overnight.

Market Sentiment, Short-Term Challenges, and Future Outlook

Interestingly, the selloff has occurred during a marked shift in public sentiment. Data shared today by Santiment revealed that social media sentiment toward BTC has shifted sharply negative, reaching its lowest point since June. Historically, such periods of fear have often signaled local bottoms, prompting contrarian traders to step in and capitalize on the rising panic in the market.

Short-term data further illustrates the divide between long- and short-term market participants. A recent CryptoQuant report highlighted that investors holding Bitcoin for less than five months have realized losses for the first time this year. According to analysts, such occurrences either clear out weaker holders prior to a rebound or heighten the risk of deeper corrections if the selling intensifies.

Meanwhile, Tron offers a contrasting perspective. Despite a significant amount of long-term profit-taking earlier this month, short-term TRX holders are currently enjoying gains of over 30%, instilling optimism for further momentum.