Glassnode’s senior researcher has revealed how Unrealized Loss on the Bitcoin network is still smaller than even mild bear markets in the past.

Bitcoin Relative Unrealized Loss Hit Just 1.3% Recently

In a new post on X, senior researcher at on-chain analytics firm Glassnode, CryptoVizArt, has talked about how Bitcoin currently compares to past bearish periods in terms of Relative Unrealized Loss .

The Unrealized Loss is an indicator that measures, as its name suggests, the total amount of loss (in USD) that BTC investors as a whole are carrying in their wallets.

This metric works by going through the transaction history of each coin on the blockchain to find what price it was last moved at. If this previous transaction price was more than the current spot price for any token, then

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