Losses suffered by the big whales in Bitcoin ($BTC) the market reached remarkable levels in the first quarter of 2026.
According to the data, large Bitcoin holders lost an average of more than $300 million per day during the first three months of the year, with total losses exceeding $30.9 billion, approaching levels seen during the 2022 bear market.
Looking at the details, it appears that investors are holding between 100 and 1,000 $BTCSharks, known as “sharks”, lose about $188.5 million per day, while those in the “whale” category lose between $1,000 and $10,000. $BTClose approximately $147.5 million per day. The total daily loss for these two groups is approximately $337 million.
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Analysts point out that growing macroeconomic risks play a significant role in the current selling pressure. Rising inflation expectations, the intensity of AI-driven trading and weakening overall market confidence are prompting large investors to accelerate their stop-loss selling. This indicates that the downward pressure on the market continues.
In contrast, long-term (LTH) investors continue to lose around $200 million per day. This chart shows that there is no clear signal of recovery in the market which could be interpreted as “the end of selling pressure”.
According to institutional analyses, downside risks remain on the table as multifaceted pressure on Bitcoin persists. Some market experts predict that under current conditions, Bitcoin’s potential bottom could be between $40,000 and $50,000.
*This does not constitute investment advice.