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Relative Unrealized Loss

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Metric Description

Relative Unrealized Loss is used to track the ratio of BTC's total loss (in USD) to the BTC market cap when the current price is lower than the price at the time of the last move.

1) The maximum value of this indicator is associated with the short-term bottom of BTC price

2) When the indicator value gradually decreases to close to 0, it often corresponds to the rising wave of the market.