[Bitcoin Whales and Sharks Average Daily Loss Exceeds $300 Million in Q1] Glassnode data shows that in the first quarter of 2026, Bitcoin holders with 100–1,000 BTC ('Sharks') and 1,000–10,000 BTC ('Whales') experienced average daily losses of approximately $188.5 million and $147.5 million, respectively, totaling around $337 million. The cumulative annual loss exceeds $30.9 billion, approaching the levels seen during the 2022 bear market. Analysts attribute the selling pressure to rising macroeconomic risks and weakening market confidence, with large holders accelerating their stop-loss exits. Long-term holders continue to sustain average daily losses of around $200 million, and the market has yet to show clear signs of 'sell pressure exhaustion.'