Just noticed BTC's unrealized losses hitting over 39% now - that's getting pretty deep into uncomfortable territory for a lot of holders. The data from on-chain metrics shows we're definitely feeling some serious market pressure right now. What's interesting is that historically when unrealized losses push past 40%, we've typically seen major cycle lows show up. Back in 2018 and 2022, that's exactly when things bottomed out. So we might actually be getting close to that point, with weak hands gradually exiting their positions. The question is whether we'll hit that 40% threshold or if the market stabilizes here. Either way, these unrealized losses numbers are worth watching closely over the next few weeks.