> For the complete documentation index, see [llms.txt](https://docs.glassnode.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.glassnode.com/further-information/metric-guides/profit-loss-utxo/utxos-in-loss.md).
# UTXOs in Loss
## Indicator Overview
UTXOs in Loss, as the name suggests, represents the absolute number of UTXOs in a given network which are currently in loss (i.e. the price at the time they were created is higher than the current price).
This metric is helpful in highlighting market bottoms by suggesting when investors might be ready to re-enter the market.
It is important to note that unlike [Unrealized Loss](/further-information/metric-guides/unrealized-profit-loss/unrealized-loss.md), UTXOs in Loss does not account for the *amount* of loss - only the binary case of whether or not the UTXO is in loss.
* [View UTXOs in Loss in Glassnode Studio](https://studio.glassnode.com/metrics?a=BTC\&m=blockchain.UtxoLossCount)
* [View UTXOs in Loss in Glassnode API Docs](https://docs.glassnode.com/basic-api/endpoints/blockchain#utxos-in-loss)
## How is it measured?
UTXOs in Loss is calculated by determining which UTXOs were created when the price was higher than the current price (i.e. the price has decreased since the UTXOs were created). It represents the total absolute number of those UTXOs.
$$
\textrm{UTXOs in Loss} = {\color{gray}{\textrm{number of all UTXOs where price$\_\textrm{created}>$ price}}}
$$
## About
### Introduced By
[Glassnode](https://twitter.com/glassnode/)
### Date Introduced
November 2019
## Further Resources
Rafael Schultze-Kraft - [Dissecting Bitcoin's Unrealised On-Chain Profit/Loss](https://medium.com/glassnode-insights/dissecting-bitcoins-unrealised-on-chain-profit-loss-73e735020c8d)
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