ChainCatcher reports that on-chain data from Glassnode shows that "sharks" holding 100–1,000 BTC and "whales" holding 1,000–10,000 BTC incurred daily realized losses of approximately $188.5 million and $147.5 million, respectively, totaling around $337 million. Year-to-date, the cumulative realized losses have reached $30.9 billion, nearing levels seen during the 2022 bear market. Analysis indicates that current selling pressure stems from rising macro risks (such as inflation expectations and crowded AI trading) and weakening market sentiment, prompting large holders to accelerate stop-loss exits. Meanwhile, long-term holders (LTHs) continue to record daily realized losses of approximately $200 million, suggesting the market has not yet shown clear signs of selling exhaustion. Institutions believe that, amid multiple pressures, Bitcoin still faces further downside risk, with some forecasting a potential bottom range between $40,000 and $50,000.
Bitcoin whales and sharks realize $3.37 billion in daily losses in Q1 2026
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Summary
Bitcoin whales and sharks incurred $337 million in daily losses in Q1 2026, with sharks (100–1,000 BTC) and whales (1,000–10,000 BTC) averaging $188.5 million and $147.5 million in losses, respectively. Year-to-date losses reached $30.9 billion, approaching levels seen during the 2022 bear market. Analysts cite macroeconomic risks, AI-driven trading congestion, and eroding confidence as key factors. Long-term holders continue to lose $200 million daily. Institutions warn of further downside potential, with support and resistance likely to be tested around $40,000–$50,000. Traders are advised to adjust their stop-loss strategies amid ongoing volatility.
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