Data: Bitcoin whales and sharks have an average daily loss of over $300 million in Q1, with total realized losses exceeding $30.9 billion for the year.

Deep Tide TechFlow message, April 04, according to Cointelegraph, on-chain data from glassnode shows that in Q1 2026, the “sharks” holding 100–1,000 BTC and the “whale sharks” holding 1,000–10,000 BTC recorded daily realized losses of approximately $188.5 million and $147.5 million, respectively, for a total of about $337 million. Year-to-date, the cumulative locked-in losses are as high as $30.9 billion, nearing the levels seen during the 2022 bear market.

Analysis indicates that the current selling pressure is driven by rising macro risks (inflation expectations, crowded AI trading, etc.) and weakening market sentiment, as large holders are accelerating stop-loss actions and exiting. At the same time, losses realized by long-term holders (LTH) on a daily basis have still remained around the $200 million range, suggesting the market has not yet shown a clear sign of “selling pressure exhaustion.” Institutions believe that under multiple pressures, Bitcoin still faces further downside risk, and some views expect that the potential bottom range may be between $40k and $50k.