ChainCatcher News: Bitcoin's Unrealised Losses Remain Historically Low

According to a Wednesday report from on-chain analytics firm Glassnode, from a broader market perspective, unrealised losses remain at historical lows. This week, total unrealised losses as a percentage of Bitcoin's market cap hit 2.9%, a historically low level. This metric suggests that overall investors are still relatively profitable, even in the face of continued price declines.

When calculating the ratio of total unrealised profit to unrealised loss, it becomes clear that profits are still six times higher than losses. This ratio has been higher than the current value on approximately 20% of trading days, highlighting the surprisingly strong financial position of the average investor.

However, realised profit has declined significantly after the all-time high of $73,000. This indicates that most coins spent since then are gradually locking in smaller profit margins, with loss events increasing and reaching higher levels as the market downtrend progresses.

Currently, the seller risk ratio has fallen to a lower range, indicating that most coins traded on-chain are close to their original purchase price. This suggests that profit and loss activity is becoming increasingly saturated at the current price range.