Earlier I saw some interesting data from Glassnode about unrealized losses in the market. SOL turns out to be the worst with a relative unrealized loss of 54.8%, much higher than ETH at only 16.6% and BTC at 11.9%. According to Glassnode's analysis, the high losses in this altcoin indicate many buyers entered at peak prices and are now still in the red. This data from Glassnode could actually be an interesting indicator to see how deep holders are in losses. The higher the percentage, the more supply is stuck in the hands of buyers who bought at high prices earlier.