Record Realized Losses Push Large-cap Altcoins Out of Favor

Large-cap altcoins such as Ethereum (ETH), Solana (SOL), and XRP are declining in favor among crypto investors, having fallen below their start-of-year prices. On-chain data from Glassnode shows that the percentage of supply in profit for these assets has been declining since October, indicating increasing investor losses, with SOL showing a particularly high percentage of supply at a loss (74.84%). Realized Loss metrics confirm this stress, showing ETH, SOL, and XRP recorded their highest 7-day average realized losses since April as of November 25. This loss pressure may cause new traders to exit, potentially worsening downward momentum, leading some investors to focus on alternatives like Privacy Coins or Neobank Coins. Conversely, Santiment suggests that for assets like ADA, LINK, ETH, and XRP, significant short and mid-term losses might indicate undervaluation according to the MVRV ratio. Ultimately, the short-term outlook for these large-cap altcoins to recover leadership depends heavily on Bitcoin stabilizing, which could set the stage for broader market expansion.

(Source：BeInCrypto)