According to @glassnode, the crypto market’s Relative Unrealized Loss is 8.5% as of Nov 21, 2025, based on its X post and linked dashboard. Source: Glassnode; x.com/glassnode/status/1991853835250450913; glassno.de/3L8BbSI This on-chain metric measures the share of market capitalization sitting at paper losses and is used to contextualize investor positioning and downside risk for trade timing and risk management. Source: Glassnode

According to @glassnode, Bitcoin’s Relative Unrealized Loss is at 0.5 percent, far below the greater than 30 percent readings typical at bear market extremes. Source: Glassnode. @glassnode adds that this reinforces most BTC holders remain in profit despite growing short-term stress, based on its historical threshold. Source: Glassnode. For traders, this on-chain signal indicates the market is not exhibiting the capitulation loss profile seen at cycle bottoms per Glassnode’s historical data. Source: Glassnode.