According to Glassnode (Aug 11, 2025), Ethereum (ETH) realized profits on a 7-day SMA peaked at $771M per day in July, exceeding December 2024 levels, and have re-accelerated to $553M per day, signaling renewed on-chain profit-taking momentum (source: Glassnode). Glassnode (Aug 11, 2025) also reports that long-term holder profits are now similar to December 2024 levels, while short-term investors are realizing substantially more gains, driving the current wave (source: Glassnode). For trading context, Glassnode (Aug 11, 2025) indicates the present ETH profit realization is dominated by short-term participants, highlighting who is currently leading flows (source: Glassnode).