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

Golden Finance reports that, according to Glassnode on-chain data, in Q1 2026, “sharks” holding 100–1,000 BTC and “giant whales” holding 1,000–10,000 BTC recorded average daily losses of approximately $188.5 million and $147.5 million, respectively, totaling about $337 million. Within the year, the cumulative locked-in loss amount is as high as $30.9 billion, nearing the level of the 2022 bear market.
Analysts note that the current selling pressure is driven by rising macro risks (inflation expectations, crowded AI trading, etc.) and weakening market confidence, as large holders are accelerating stop-loss exits. At the same time, the average daily losses realized by long-term holders (LTH) still remain at around the $200 million level, indicating that the market has not yet shown a clear “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 $40,000 and $50,000.