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” holdings of 1,000–10,000 BTC recorded daily realized losses of approximately $188.5 million and $147.5 million, respectively, for a combined total of about $337 million. Year-to-date, the cumulative realized losses have already reached as much as $30.9 billion, nearing the level of the 2022 bear market.

Analysis indicates that the current selling pressure is coming from rising macro risks (inflation expectations, crowded AI trading, etc.) and weakening market sentiment, as large holders are accelerating stop-loss and exiting. Meanwhile, the daily realized losses for long-term holders (LTH) are still maintained at around the $200 million level, suggesting that there has not yet been any clear “selling pressure exhaustion.” Institutions believe that amid multiple pressures, Bitcoin still faces further downside risk, and some views expect the potential bottom range to be between $40k and $50k.