Relative Unrealized Loss is a metric that shows the total loss in USD of all coins whose acquisition price was higher than the current price, normalized by the total value in USD of the coins. The metric Relative Unrealized Loss by Age further categorizes the coins into different age cohorts, offering a detailed view of the distribution and PnL state across varying holding periods for an asset, from hot supply (recently moved coins) to cold supply (older, dormant coins).

Note: The breakdown metrics utilize an address-based approach, analyzing transactions and holdings based on individual wallet addresses to facilitate comparability across digital assets and to ensure consistent analysis across various blockchain architectures. This contrasts with the alternative UTXO-based approach for chains like Bitcoin, where unspent transaction outputs are analyzed to categorize asset properties. As such, metrics for UTXO-based assets may show slight deviations if compared across these different computational methods.