SOL and XRP Show Deeper Unrealized Losses Compared to BTC & ETH

The post SOL and XRP Show Deeper Unrealized Losses Compared to BTC & ETH appeared first on Coinpedia Fintech News

Solana and XRP are showing significantly higher unrealized losses compared to Bitcoin and Ethereum. On-chain data from Glassnode reveals that a large portion of SOL and XRP holders remain 65 to 75% in loss in unrealised loss. This signals weaker positioning in altcoins and slower recovery strength.

SOL and XRP Holders In Deep Loss 

According to the Market Relative Unrealized Loss chart, SOL’s loss sits at approximately 0.8, while XRP hovers around 0.3. In comparison, Bitcoin and Ethereum are close to 0.1 or even lower. 

This clearly shows that more SOL and XRP holders are still in a loss, while BTC and ETH holders are in a much better position.

SOL consistently shows higher spikes in unrealized losses, especially during major downturns like late 2022 and again in 2026. These spikes indicate panic phases where a large share of holders entered at higher prices and are now holding losses.

XRP spiked to around 0.6 during the same period. BTC and ETH, by contrast, never crossed above 0.5 even at their worst moments on this chart. 

Fast forward to the current 2026 cycle, Bitcoin has fallen from its high of about $126K to around $74K. During this drop, Solana and XRP are again falling more than Bitcoin and other major coins, showing stronger losses compared to the market leader

Solana & XRP Face Weak Demand and Bearish Signals

However, it’s not just price charts, on-chain and derivatives data also point to weakening demand and a bearish market setup.

Solana is under pressure as both institutional and retail interest continue to fade. Solana ETFs have seen three straight weeks of outflows, while this week’s inflows remain very weak. Retail activity is also slowing.

This weakness is reflected in derivatives data. Solana’s Open Interest has dropped 4.57% to $4.98 billion, while funding rates have turned negative at -0.0046%, showing a shift toward short positions. The long-to-short ratio of 0.9798 also confirms a slightly bearish bias. 

As a result, SOL is now around $83.44, down nearly 72% from its peak of $294.96.

XRP is showing a similar but less severe trend. ETF inflows have slowed, signaling weaker institutional demand, even though outflows remain limited.

In derivatives, XRP Open Interest is down 2.87% to $2.48 billion, and funding rates at -0.0006% suggest mild short positioning. XRP is currently trading near $1.35, down about 65% from its all-time high of $3.82.

Why Bitcoin & ETH are Recovering Faster

Bitcoin is doing better because money first moves into it when the market starts to recover. When market conditions improve a little, investors usually choose Bitcoin first since it is the safest and most trusted crypto. 

This is why Bitcoin has been able to stay steady around $74K. 

Ethereum is in the middle, it is not as strong as Bitcoin, but it is still doing better than most altcoins. 

On the other hand, Solana and XRP are still under pressure and facing bigger losses, so they are not recovering as fast.