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. Trending: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — ... (full story)