Bitcoin News Today: Bitcoin, Ethereum, Solana Long-Term Holders Realize Record Profits

Bitcoin, Ethereum, and Solana have all seen record highs in daily realized profit, according to on-chain analytics firm Glassnode. The metrics highlight a broad shift in market sentiment and underscore the growing profitability among long-term holders of these major cryptocurrencies [1].

On July 18, Bitcoin holders with positions held for over one month realized profits exceeding $1.5 billion, marking the largest single-day profit-taking event since December 2024 [1]. This was followed by Ethereum on August 16, where long-term holders generated $575 million in realized profit—the largest such event in this market cycle [1]. Solana also reached a major milestone on August 17, as holders with over one-month positions realized over $105 million in profits, the highest for a single day since early 2025 [1].

Glassnode’s analysis reveals that the majority of each token’s supply is now held in profit. For Bitcoin, approximately 99% of its supply is in positive territory, with this figure briefly dipping to 95% during a recent pullback [6]. This strong profitability suggests robust accumulation and continued confidence among long-term holders. The data also shows that the overwhelming majority of Bitcoin's circulating supply remains profitable despite a recent price dip below $115,000 amid a wave of profit-taking and market correction [4].

Ethereum has also seen a similar trend, with a large portion of its supply in profit. The token is currently trading near its all-time high of $4,878, but it recently experienced a 10% correction over a seven-day period [5]. Despite this volatility, the high retention of ETH in profit territory signals strong holding behavior. Analysts have pointed to bearish price action that could drive the price down to $4,000, but such predictions remain speculative [5].

Solana’s performance has been equally impressive. Its circulating market cap reached $82.8 billion, a 30% increase, placing it sixth among all tokens by market capitalization [3]. The surge reflects growing institutional interest and adoption of the Solana ecosystem. The token’s price is currently in overbought and oversold conditions on the RSI, suggesting the market may be preparing for a consolidation phase [2].

The broader market is in a phase of profit realization, with weakening accumulation trends observed across all Bitcoin wallet cohorts, indicating a shift from accumulation to distribution [1]. While Bitcoin underperformed Ethereum and Solana in the past week, it still maintained a 90% gain for the year [8].

Taken together, the data shows that while short-term corrections are occurring, the overall picture remains bullish. The high percentages of each token’s supply in profit territory reflect strong market confidence and continued demand. With broad profitability and strong retention evident in on-chain metrics, the market appears to be entering a phase of consolidation rather than a bearish reversal.

Source:

[1] title: All BTC Wallet Cohorts Now in Distribution Mode (https://www.coindesk.com/markets/2025/08/19/all-bitcoin-wallet-cohorts-now-in-distribution-mode-glassnode-data)

[2] title: Bitcoin slips to $113K, bargain hunters step in while ... (https://www.mitrade.com/insights/news/live-news/article-3-1051993-20250820)

[3] title: Bargain Hunters Emerge as Bitcoin Remains Under Pressure (https://uk.finance.yahoo.com/news/bargain-hunters-emerge-bitcoin-remains-111500643.html)

[4] title: Bitcoin Drops Below $115K Amid Wave of Profit-Taking (https://www.coindesk.com/markets/2025/08/18/bitcoin-drops-below-usd115k-amid-wave-of-profit-taking)

[5] title: ETH could dip to $4k amid bearish PA (https://coinjournal.net/news/ethereum-price-prediction-eth-could-dip-to-4k-amid-bearish-pa/)

[6] title: 99% of Bitcoin Supply in Profit: Is This the Final Parabolic ... (https://cryptorank.io/news/feed/cd324-99-of-bitcoin-supply-in-profit-is-this-the-final-parabolic-rally)

[8] title: Bitcoin Price, BTC Price, Live Charts, and Marketcap (https://www.coinbase.com/en-ca/price/bitcoin)