Analysis: Unrealized losses across the crypto ecosystem continue to climb, and the market may enter a period of high volatility in the coming weeks.

Glassnode published an analysis on the X platform stating that unrealized losses across the entire cryptocurrency ecosystem have recently climbed to approximately $350 billion, with Bitcoin alone accounting for about $85 billion in unrealized losses. With multiple on-chain indicators showing a contraction in overall liquidity, the market is likely to enter a period of high volatility in the coming weeks.