According to Glassnode data, in the first quarter of 2026, large addresses holding between 100 and 10,000 BTC had an average daily realized loss of approximately $3.37 billion, the worst quarter since 2022. Among them, “shark” addresses holding 100–1,000 BTC had an average daily loss of about $188.5 million, while “whale” addresses holding 1,000–10,000 BTC had an average daily loss of approximately $147.5 million. Total realized losses for the year were about $30.91 billion. This level is only second to the daily average of $396 million during the bear market in the second quarter of 2022. (Cointelegraph)