The unrealized loss rate of long-term bitcoin holders reaches 15.5%

When the Bitcoin price is $69,500, the relative unrealized loss rate for long-term holders is 15.5%, meaning that for every $1 in assets, about $0.15 is an unrealized loss. In extreme cases in past cycles, this ratio has exceeded $0.50. Although there is pressure at present, the current pain level is still some distance from the historical cycle lows. (glassnode)