$350 billion in unrealized losses in the crypto market.. and liquidity is shrinking! 📉
A shocking report from Glassnode's On-Chain analysis platform:
The total unrealized losses in the cryptocurrency market have reached approximately $350 billion, of which $85 billion belongs to $BTC alone!
This is an indicator showing that a large percentage of investors are still holding
the cryptocurrencies they bought at prices higher than the current price.
Worse than this: Liquidity indicators are pointing to a significant decline,
and this makes the market susceptible to violent fluctuations at any moment.
Caution is required for short-term holders.
BTCUSDT
Perp
89,587.4
-0.81%
ETHUSDT
Perp
3,130.34
+0.26%
CFXUSDT
Perp
0.07501
-0.82%