BlockBeats News, April 4th, according to glassnode data, in the first quarter of 2026, Bitcoin holders of 100–1,000 coins, known as "Sharks," and 1,000–10,000 coins, known as "Whales," realized a daily average loss of about $188.5 million and $147.5 million respectively, totaling about $337 million. The accumulated locked loss for the year has reached as high as $30.9 billion, approaching the bear market level of 2022.
The analysis points out that the current selling pressure comes from rising macro risks (inflation expectations, AI trading congestion, etc.) and weakening market confidence, with large holders accelerating their exit through stop-loss. At the same time, Long-Term Holders (LTH) continue to realize a daily average loss of about $200 million, indicating that there is no apparent "selling pressure exhaustion" in the market yet. Institutions believe that under multiple pressures, Bitcoin still faces further downside risk, with some views suggesting a potential bottoming range around $40,000 to $50,000.
