Svmuu News According to glassnode on-chain data, in the first quarter of 2026, Bitcoin "sharks" holding 100–1,000 BTC and "whales" holding 1,000–10,000 BTC realized average daily losses of approximately $188.5 million and $147.5 million, respectively, totaling around $337 million. The cumulative realized losses locked in for the year have reached as high as $30.9 billion, approaching levels seen during the 2022 bear market.
Analysis indicates that the current selling pressure stems from rising macro risks (inflation expectations, crowded AI trades, etc.) and weakening market confidence, with large holders accelerating their stop-loss exits. Meanwhile, the average daily realized losses for long-term holders (LTH) remain elevated at around $200 million, indicating that the market has not yet shown clear signs of "selling exhaustion." Institutions believe that under multiple pressures, Bitcoin still faces further downside risks, with some views suggesting a potential bottom range could be between $40,000 and $50,000. (Cointelegraph)