According to Odaily Planet Daily, CryptoOnchain monitoring revealed that Bitcoin realized nearly $4 billion in profits on August 29th, the largest single-day profit-taking since February 2025 (excluding the nearly $9 billion outlier on July 4th). Data shows that super whales (holding over 10,000 BTC) contributed $2.17 billion, large whales (holding 1,000-10,000 BTC) realized $1.25 billion, and other whales (holding 100-1,000 BTC) cashed out $495 million. CryptoOnchain notes that this concentrated profit release indicates that long-term holders are cashing out significantly, taking advantage of price increases. This type of activity typically occurs near local tops and can signal a short-term market correction or consolidation.