On-chain data shows the Unrealized Loss in the crypto market recently ballooned to $350 billion, with Bitcoin accounting for a significant part of it.

Unrealized Loss Has Spiked In The Crypto Sector After Bearish Price Action

In a new post on X, on-chain analytics firm Glassnode has shared the data related to the Unrealized Loss in the crypto sector. This indicator measures, as its name suggests, the total amount of loss that investors are holding on their tokens right now.

The metric works by going through the transaction history of each token on a given network to find what price it was last moved at. If this last selling price of a token was less than the current spot price of the asset, then that particular coin is assumed to be underwater.

The exact amount of the loss involved

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