Data: Bitcoin whales and sharks lost an average of over $300 million per day in Q1, and have accumulated losses of over $30.9 billion for the year.

CoinFeed reported on April 4th that, according to Cointelegraph, Glassnode's on-chain data shows that in the first quarter of 2026, "sharks" holding 100-1,000 Bitcoins and "whales" holding 1,000-10,000 Bitcoins incurred average daily losses of approximately $188.5 million and $147.5 million respectively, totaling approximately $337 million. The cumulative locked-in losses this year have reached a staggering $30.9 billion, approaching the levels seen during the 2022 bear market. Analysis indicates that current selling pressure stems from rising macroeconomic risks (inflation expectations, AI trading congestion, etc.) and weakening market confidence, with large holders accelerating their stop-loss exits. Meanwhile, long-term holders (LTH) continue to incur average daily losses of approximately $200 million, indicating that the market has not yet shown significant "selling pressure exhaustion."