6 ms·

Have they just made this number up or am I missing something? It appears nowhere in the quoted source https://insights.glassnode.com/the-week-onchain-week-19-20

• charstacker 4y ago
  "As prices hit $33.8k week, we have now seen this scenario largely play out, and an additional 10% of the Bitcoin network did indeed fall into an unrealized loss. All three metrics declined from ~72% to between 60% and 62% in profit. These levels are coincident with profitability seen in the late-2018, and late 2019-20 bear markets. However it should be noted that both instances were prior to the final capitulation flush out event." Naturally, instead of saying above, they said that 40% are now losses.