Is This a Sign of a Market Bottom?

Losses experienced by large whales in the Bitcoin ($BTC) market reached remarkable levels in the first quarter of 2026.

According to the data, large Bitcoin holders lost an average of over $300 million per day in the first three months of the year, with total losses exceeding $30.9 billion, approaching the levels seen in the 2022 bear market.

Looking at the details, it appears that investors holding 100 to 1,000 $BTC, known as “sharks,” are losing approximately $188.5 million per day, while those in the “whale” category, holding 1,000 to 10,000 $BTC, are losing approximately $147.5 million per day. The total daily loss for these two groups is approximately $337 million.

Analysts point out that increasing macroeconomic risks are playing a significant role behind the current selling pressure. Rising inflation expectations, the intensity of AI-powered trading, and weakening overall market confidence are causing large investors to accelerate their stop-loss sales. This indicates that downward pressure on the market continues.

On the other hand, long-term investors (LTH) continue to lose approximately $200 million per day. This picture shows that there is no clear signal of recovery in the market that 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, a potential bottom for Bitcoin could be between $40,000 and $50,000.

*This is not investment advice.