The cryptocurrency market continues to struggle, with many major assets experiencing declines. While BTC, ETH, and SOL holders are currently facing losses, XRP buyers are seeing profits, benefitting from a recent 11% gain. Overall market sentiment remains bearish, with further weakness suggested unless prices rebound significantly.
The ongoing turmoil in the cryptocurrency market has caused significant shifts in buyer sentiment across leading digital assets. According to data from Glassnode, many investors who purchased major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) over the past three to six months are currently facing losses.
In contrast, XRP stands out amid this downward trend, as those who bought into XRP during this same timeframe are enjoying gains. Reports indicate that XRP has managed to generate an 11% profit for its investors despite the backdrop of heightened volatility.
While the market has dipped, BTC, ETH, and SOL prices have fallen below what many euphoric buyers paid during the peak buying period of late 2024 and early 2025. XRP’s rise is notable, as it sold for about $2.14 during those high-buying sprees, meaning current holders still see a profit.
Data from Coinglass, shared in a recent post, highlights an alarming trend: many cryptocurrencies, including BTC, ETH, and SOL, are showing extreme weakness. Their current prices are under the cost basis that euphoric buyers paid. In the last week, BTC slipped by 0.18%, ETH dropped 1.53%, and SOL saw a more significant decline of 2.82%.
Interestingly, while XRP experienced the steepest decline among these assets with a 6.39% drop, buyers still find themselves ahead financially. Conversely, SOL and ETH are down 28% and 36%, respectively, from the high entry points of recent buyers, leaving them without any profits.
The situation with BTC is particularly close, as it is hovering around break-even, registering a mere 1% loss compared to the recent $95K cost basis for its euphoric buyers.
There remains some hope for buyers that a potential surge could help recover losses. However, current metrics indicate a further market weakness unless these cryptocurrencies can climb back above their acquisition cost levels.
