Crypto Loss Figures: Not as Bad as They Seem

Thu Nov 27 2025
People often think that Bitcoin, Ether, and Solana are in big trouble because so much of their supply is held at a loss. But, when you look closer, the story isn't as scary as it seems. First, let's talk about Bitcoin. Right now, 35% of Bitcoin is held at a loss. That might sound like a lot, but it's not all that's out there. A big chunk of Bitcoin is held by big companies, ETFs, and even countries. Plus, there's a lot of Bitcoin that's lost forever. So, when you take all that into account, the amount of Bitcoin that's actually out there and feeling the pain is much less than 35%. Ether is a bit different. About 37% of Ether is held at a loss. But, a huge amount of Ether is locked up in staking or held by big institutions. So, even though 37% is a big number, it's not all floating around and ready to be sold off. Solana is where things get really interesting. A whopping 70% of Solana is held at a loss. But, most of that is locked up in staking. So, even though the loss figure is high, it's not like all those coins are just sitting there, waiting to be dumped. The thing is, these loss figures can change really quickly. When the price of a crypto goes up, the loss figures can drop fast. That's because a lot of the coins that were held at a loss are locked up in staking or held by big institutions. So, they don't react to short-term price changes. In the end, the loss figures we see aren't always a good sign of how much sell pressure there really is. Once you take into account all the coins that are locked up or lost, the actual amount of coins that are feeling the pain is much less than the big loss percentages might suggest.
https://localnews.ai/article/crypto-loss-figures-not-as-bad-as-they-seem-65e1f4f4

questions

    What impact do institutional holdings and staking mechanisms have on the liquidity of BTC, ETH, and SOL?
    If 75% of SOL is locked in staking, does that mean the other 25% is just waiting for a good sale at the local crypto flea market?
    How accurate are the current metrics for measuring supply held at a loss, considering the significant portions locked in staking and institutional holdings?

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