Bitcoin, Ethereum, XRP See Most Profit-Taking Since December: A Buy-The-Dip Opportunity?
Posted On August 20, 2025
Crypto markets are seeing a sharp pullback in recent weeks, but onchain data indicates potential buying opportunities amid elevated profit-taking.
What Happened: Glassnode data shows the dip is driven largely by long-term investors taking profits. While sentiment appears negative, the conditions could present a favorable entry point for patient traders.
Bitcoin (CRYPTO: BTC) has seen more than $1.5 billion in profits realized since July 18, marking the largest profit-taking since December 2024.
Trader Ted Pillows noted that despite minor 2–3% …
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