Recent on-chain data reveals that the Unrealized Loss in the cryptocurrency market has surged to $350 billion, with Bitcoin representing a substantial portion. According to analytics firm Glassnode, this metric reflects the total losses investors are currently holding on their tokens. It calculates losses by analyzing transaction histories to determine the last selling price of each token. If this price is lower than the current market price, the token is considered to be at a loss. The total Unrealized Loss aggregates these differences across all coins. Conversely, Unrealized Profit tracks coins with a cost basis lower than the latest market price. A recent chart indicates that the Unrealized Loss has escalated significantly since October, peaking at $350 billion, with Bitcoin alone contributing around $85 billion. This situation highlights the distress among investors. Additionally, Bitcoin and Ethereum have shown contrasting trends in Exchange Netflow, with Bitcoin experiencing net withdrawals while Ethereum saw net inflows. Read more AI-generated news on: https://app.chaingpt.org/news

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