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

ChainCatcher news, according to the on-chain analysis company Glassnode's Wednesday report data, from a broader market perspective, unrealized losses are still at a historical low. This week, total unrealized losses accounted for 2.9% of the Bitcoin market value, which is at a historically low level. This indicator shows that even in the face of continued price declines, investors as a whole are still relatively profitable. If you calculate the ratio of total unrealized profits to unrealized losses, you can see that profits are still six times losses, and about 20% of trading days this ratio is higher than the current value, highlighting that the average investor's financial situation is unexpectedly robust. However, after the historical high of $73,000, realized profits have fallen sharply, indicating that most of the coins spent since then are gradually locking in smaller and smaller amounts of profit, and loss events have increased, and gradually reached higher levels as the market's downward trend advances. At present, the seller's risk ratio has dropped to a lower range, indicating that most of the coins traded on the chain are close to their original purchase price, indicating that profit and loss activities are gradually saturated in the current price range.