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Business intelligence firm Glassnode rates a trio of crypto assets as markets look to end the week on a high note.

In its latest analysis, Glassnode said nearly half of Bitcoin (BTC) located in non-exchange wallets sits on unrealized losses.

According to Glassnode, almost 60% of these owners are considered long-term holders, reflecting the last two sellout events.

“The proportion of Bitcoin supply in loss reached 48.1% of all coins held outside exchanges.

Among these losing BTCs, nearly 60% of them are held by long-term holders (28.6% of the total).

Both metrics are at levels similar to the November-December 2018 and March 2020 capitulation phases.”

Source: Glassnode/Twitter

Bitcoin is rallying today, up 5.19% in the past 24 hours, trading at $21,705.

Switch to Ethereum (ETH), the analytics company observed the vast majority of ETH 2.0 bettors are in the red because ETH has crashed over 75% since November 2021 and staked tokens will remain locked until the next Shanghai hard fork is complete.

“Ethereum 2.0 players deposited over 12.98 million ETH, 62% of which was paid out before November [all-time high].

However, with ETH prices collapsing by more than 78% and coins not being able to be withdrawn, only 17% of staked ETH is now profitable.

Source: Glassnode/Twitter

Ethereum is changing hands for $1,221 at the time of writing.

Glassnode then analyzes the changing landscape of the stablecoin. The pegged US dollar Attached (USDT) dominated the niche until two years ago, but has since lost popularity by almost 50%.

The company strong points three other stablecoins that have gained market share, including US dollar coin (USDC) at 38.1%, BinanceUSD (BUSD) at 12.0% and Dai (IAD) at 4.7%.

“Over the past two years, Tether’s dominance has been in macro decline.

USDT has fallen from 88.3% of the stablecoin market to 45.2% today, now less than half of the market.

USDC dominance increased by 4.2x, BUSD by 7.5x and DAI by 3.9x over the same 2-year period.

Source: Glassnode/Twitter

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Feature image: Shutterstock/Blue Planet Studio/Chuenmanuse

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