Altcoin Holders Have Been Realizing Losses Since 2024, Glassnode Says

On-chain analytics firm Glassnode reports the median SOPR (Spent Output Profit Ratio) for the top 500 altcoins has remained below 1 since late 2024, indicating the typical altcoin investor is realizing net losses. The metric briefly hit 1 during a recovery but pulled back, returning the sector to loss-realization territory. The article notes recent weekly moves with Bitcoin down over 4% and Ethereum down about 7%; ETH was trading near $2,100 (-0.2% over 24h). The persistent SOPR weakness suggests continued selling pressure among altcoin holders and a cautious near-term market outlook for altcoins.