We can analyze coins in unrealized profit or loss to evaluate their average cost basis and the magnitude of unrealized gains or losses.

- 🔴 Coins in profit have an average unrealized gain of +$41.3k, with a cost basis of about $19.4k. This is skewed by coins moved in earlier cycles, including those by the Patoshi entity, early miners, and lost coins.

- 🔵 Coins in loss have an average unrealized loss of -$5.3k, with a cost basis of about $66.1k. These are mostly held by Short-Term Holders, as few top buyers from the 2021 cycle still hold.

These metrics highlight potential sell-pressure points as investors aim to secure gains or avoid further losses.

#AirdropGuide #CryptoTradingGuide #StartInvestingInCrypto #IntroToCopytrading #EarnFreeCrypto2024