TechFlow News, April 4: According to a Cointelegraph report, on-chain data from Glassnode shows that as of Q1 2026, “sharks” (holders with 100–1,000 BTC) and “whales” (holders with 1,000–10,000 BTC) incurred average daily realized losses of approximately $188.5 million and $147.5 million respectively—totaling roughly $337 million per day. Year-to-date, their cumulative realized losses have reached as high as $30.9 billion, approaching the bear market levels seen in 2022.
Analysis indicates that current selling pressure stems from rising macroeconomic risks—including heightened inflation expectations and overcrowding in AI-driven trading—as well as weakening market confidence, prompting large holders to accelerate stop-loss exits. Meanwhile, long-term holders (LTHs) continue to realize average daily losses of around $200 million, suggesting no clear sign yet of “sell-side exhaustion.” Institutions believe Bitcoin remains vulnerable to further downside amid these multiple pressures; some analysts estimate the potential bottom range could lie between $40,000 and $50,000.
