This chart shows the asset/asset valuation — the ratio of one cryptocurrency's USD price to another's. When the ratio is declining over time, the "bleeder" asset is losing value relative to the standard — it is "bleeding." If the ratio is increasing, the bleeder is outperforming the standard. The legend shows percentage returns of the ratio over various timeframes. A bleeder with mostly red returns is underperforming — you're taking on more risk for less return compared to just holding the standard asset. Use this to evaluate whether an altcoin is keeping pace with Bitcoin or Ethereum before allocating capital.