🟠 Bitcoin whales lose $200 million daily as market fears intensify

Large Bitcoin investors are absorbing significant realized losses during the prolonged sideways trading of the flagship cryptocurrency below $70k.
According to on-chain data from Glassnode, wallets holding 100 to 10k BTC are currently experiencing daily realized losses of over $200 million, based on a 7-day moving average. These large investors are often referred to as "whales" and "sharks."
🔸 Bitcoin decline forces major holders to face deep losses
Notably, this pain is especially severe among "long-term holders." These are investors who bought their coins near the previous bull market peak six months ago.
💬 Big players are bleeding.
As prices retract from all-time highs, sharks and whales (0.1K–10K BTC) are realizing losses on a large scale. The 7-day SMA of realized losses now exceeds $200 million per day.
Typical abandonment behavior from larger entities. — glassnode (@glassnode) April 2, 2026
The 30-day simple moving average of realized losses among long-term holders has been steadily rising since November 2025. This upward trend confirms that seasoned investors are increasingly giving up and selling at a loss.
While this process of retreating underwater buyers is a typical feature of a bear market resolution, Glassnode analysts note that it is not yet enough to call a bottom.
To signal the structural exhaustion that usually appears before a new bull cycle, selling pressure may need to slow to less than $25 million in realized losses per day.
However, the chance of quickly reaching that exhaustion point seems minimal, as the market is currently troubled by the most pessimistic sentiment in months.
Blockchain analytics firm Santiment reports that fear, uncertainty, and doubt (FUD) have returned to the community.
The company notes that during this prolonged stagnation, the ratio of bullish to bearish comments about Bitcoin is only 0.81.