According to @glassnode, Bitcoin long-term holder profit realization (7-day SMA) has slowed in August after a July period that consistently exceeded USD 1B per day, marking one of the largest profit-taking phases on record, source: @glassnode. Traders can note the regime shift from July’s >USD 1B/day profit realization to August’s slowdown when tracking BTC’s on-chain realized-profit flows by long-term holders, source: @glassnode.