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Unrealized Crypto Losses Rise to $350 Billion: Glassnode - Unchained
Data from onchain analytics platform Glassnode shows unrealized losses in the crypto market sit at $350 billion, with bitcoin alone accounting for $85 billion.
The data comes amid tighter liquidity conditions across crypto exchanges, with lower stablecoin flows and reduced trading volumes that have amplified volatility risks.
This story is an excerpt from the Unchained Daily newsletter.
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The rise in unrealized losses reflects weeks of volatile price action after bitcoin lost support above the $110,000 mark, suggesting short-term bitcoin holders were the most negatively impacted.
“Structurally, these deep loss pockets usually show up closer to the late stages of a correction than the early ones,” wrote CryptoQuant analyst IT Tech on X, noting that BTC short-term holders are seeing some of the deepest losses of 2025.