A market contraction is becoming evident, primarily driven by substantial profits realized from investors who held assets for over a month. Data indicates that Bitcoin holders with positions exceeding one month generated profits of over $1.5 billion on July 18th, the largest single-day peak since December 2024. Ethereum saw a profit of $575 million on August 16th, marking the largest profit-taking wave in this current cycle. This suggests that long-term investors are taking a risk-averse stance. Additionally, SOL holders with positions over one month generated profits exceeding $105 million on August 17th, representing another significant single-day profit event since the start of 2025.