Glassnode: SOL and ETH Relative Unrealized Losses Stand at 54.8% and 16.6%

Glassnode said Relative Unrealized Loss—calculated as a share of market capitalization—captures the aggregate unrealized losses borne by current holders, offering a gauge of how far investors are sitting on underwater positions. As of April 14 (UTC+8), SOL's reading is 54.8%, compared with 11.9% for BTC and 16.6% for ETH. Glassnode noted that elevated unrealized losses across altcoins point to a heavy concentration of supply bought near cycle highs, leaving many positions anchored around market tops. (Source: Foresight News)