Glassnode: This week's total unrealized losses account for 2.9% of Bitcoin's market value, which is at a historically low level

ChainCatcher news, according to a report from on-chain analysis company Glassnode on Wednesday, shows that from a broader market perspective, unrealized losses remain at historically low levels. This week, the total unrealized loss accounted for 2.9% of Bitcoin's market cap, which is a historically low level. This metric indicates that even in the face of ongoing price declines, overall investors are still relatively profitable. If we calculate the ratio of total unrealized profits to unrealized losses, we can see that profits are still six times greater than losses. About 20% of trading days have this ratio above the current value, highlighting that the average investor's financial situation is surprisingly robust. However, after the historical peak of $73,000, realized profits have significantly declined, indicating that most coins spent since then are gradually locking in smaller profit amounts, with an increase in loss events, and as the market downtrend continues, this is gradually reaching higher levels. Currently, the seller risk ratio has dropped to a lower range, indicating that most coins traded on-chain are close to their original purchase prices, suggesting that profit and loss activities are gradually saturating within the current price range.