Cryp2Nova

Unrealised Topheavy Unrealisedloss STH Topheavy Unrealisedloss STH

Bitcoin

This metric is the share of short-term-holder realized wealth currently sitting at an unrealized loss.

Why it matters

It measures near-term stress among recent buyers, whose loss-holding drives panic selling.

How it is built

The realized value of short-term-holder coins in loss is divided by their total realized value.

What to watch

Spikes mark recent buyers deeply underwater, typical around local bottoms; low readings show a comfortable, profitable short-term cohort.

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