Bitcoin dropped below the $86,000 mark on Monday, triggering a wave of significant losses for major investors. According to the latest CryptoQuant data, whale-sized positions have entered unrealized losses, reaching -25% — a decline level not seen since 2023. This profit/loss compression highlights how vulnerable even experienced large holders are when BTC faces momentum shifts. The scale of losing positions signals the current pressure point in the market, where decisions on accumulation are being tested.