TeddyVision
Bitcoin: losses are back
BTC unrealized losses are rising again, but this still does not look like full capitulation. Relative unrealized loss is now near 0.14. Stress is back. More holders are underwater again. But this is still not a true washout. The metric is well above the near-zero regime seen through most of 2024 and 2025, yet still far below the deeper reset zones of 2022, when it moved above 0.3 and later into the 0.5-0.6 range. So the market is under pressure again. But it still has not reached the kind of broad pain that usually comes with full surrender. Losses are building again. Full capitulation is not here 𧸠DYOR