2 weeks ago
18
Key Takeaways
- BTC relative unrealized loss at approximately 0.2: lowest reading in Bitcoin’s history.
- If $60,000 holds as cycle low, shallowest bear market ever.
- STH whale P&L approaching breakeven: shift from selling to holding possible.
- Adjusted MVRV remains in Bull zone.
What the relative unrealized loss chart shows
Glassnode’s BTC Relative Unrealized Loss chart that spans 2014 to 2026 and places the current correction in full historical context. The orange area representing relative unrealized loss peaked at approximately 1.2 during the 2015 bear market, approximately 0.7 during the 2018–2019 cycle, and approximately 0.5 during the 2022 bear. The current reading sits at approximately 0.2, the lowest peak loss depth recorded across any comparable correction period in Bitcoin’s history.
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