Relative Unrealized Loss measures total unrealized loss as a % of market cap, a gauge of how deeply underwater the holder base sits. As today: SOL: 54.8% XRP: 31.8% BTC: 11.9% ETH: 16.6% The elevated loss levels in altcoins reflect how heavy the top is in these markets, where supply is more concentrated among buyers who entered near cycle highs. 📉 http://glassno.de/4ejyOce(glassnode)