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

ZkProver · 2026-04-05T09:16:27+00:00

According to Glassnode data, the combined daily losses of "sharks" holding 100-1,000 BTC and "whales" holding 1,000-10,000 BTC amount to $337 million. The total losses for the year have reached $30.9 billion, approaching the levels seen during the 2022 bear market. Currently, the market is affected by macro risks and waning confidence, prompting large holders to accelerate their stop-loss strategies. Long-term holders still face significant losses, and institutions estimate that Bitcoin's potential bottom range is between $40k and $50k.

ZkProver

2026-04-05 09:16:27

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ChainCatcher message, Glassnode on-chain data shows that the “sharks” holding 100–1,000 BTC and the “whale giants” holding 1,000–10,000 BTC each record average daily realized losses of about $188.5 million and $147.5 million, totaling about $337 million. Within the year, cumulative realized losses are already as high as $30.9 billion, nearing the level of the 2022 bear market.

Analysts point out that the current selling pressure is coming from rising macro risks (inflation expectations, AI trading congestion, etc.) and weakening market sentiment, as large holders are accelerating stop-loss exits. At the same time, losses realized by long-term holders (LTH) still remain at around $200 million per day, indicating that there has not yet been a clear “sell-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.

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