Glassnode

A hallmark of bull markets is a low Relative Unrealized Loss, typically <5%. This metric tracks the USD loss of all coins currently underwater, normalized by market cap.

The current bull market has held this structure since November 2023, making it more persistent than the equivalent phases in the last two cycles.

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6.89K viewsedited 12:11

2025/10/26 08:36:03
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