Make a bitcoin profit, because holders remain stable in the long term in August

The pace of taking a profit by veteran Bitcoin (BTC) holders has cooled down in August because they oppose the sale, which indicates a shift in market dynamics after a record -breaking July.

Data that is shared by On-Chain Analytics Platform Glassnode to show Realized profit by long -term holders, measured over a seven -day advancing average, fell sharply from the line of $ 1 billion a day, which had marked one of the toughest sales periods in the history of the Active.

Long -term holders dig into after the historical Winstrun

According to Glassnode, in contrast to the profitable waves between November and December 2024, which were dominated by short -term holders who had bought BTC six to twelve months earlier, the last activity is led Long-term holders, especially those who have hammer the OG Cryptocurrency since the 2020-2022 cycle. These three-five-year-old investors are now realizing profit, while the rest seems to be content to drive out the current price levels, despite the fact that it was set up just a few weeks ago around the all-time high of $ 123,091.

Indicators in chains also indicate changing market composition. Recent cryptoquant data unveiled An increase in smaller orders in the retail trade that dominates the BTC-Futures activity, whereby the number of Winvishandel in institutional size has fallen since the end of Q2 2025.

While in earlier cycles the markets dominated near their peaks by heavyweight buyers were often seen as signs of distribution phases, the current structure of the retail-heavy structure could enable prices to test new highlights, unless a renewed wave of large holders loaded their positions.

In the meantime, network growth remains strong. Earlier today, analyst Ali Martinez tweeted That more than 364,000 new BTC addresses were made daily last week. He said it was the highest figure in a year, which suggests that new retail participation, even while institutional flows are reduced.

Cooling momentum?

Looking at the market, at the time of this letter, BTC changed hand for around $ 121,224, a modest 2.6% with an increase of the last 24 hours and a more solid 5.9% for seven days, after briefly surpassed $ 122,000 in intraday movements.

While the increase is a more impressive 97.9% year-on-year, zooming in BTC’s momentum mission shows compared to the increase in July. In the past two weeks, the number one crypto rose by a modest 1.9%, with the improvement of more than 30 days only 2.6%.

The cooling story is reinforced by recent market statistics, where the Bull Score index of Cryptoquant drops from 80 to 60 on 10 August, which suggests that a delay in the bullish phase. Moreover, the intake of stableecoin has fallen, a likely indicator that there is currently little capital in crypto.