In this cycle, the magnitude of unrealized loss has surpassed an important threshold

In-this-cycle-the-magnitude-of-unrealized-loss-has-surpassed-an-important-thresh

During the previous two bear markets’ maximum pain point, investors were shouldering a loss equal to +75% of the market cap. 
Presently, the magnitude of unrealized loss has increased to 65% of market cap. This level of financial pain was caused by the market reaction to the FTX collapse, which underlined how significance of this event.