Gate News message, on April 4, according to on-chain data from Glassnode, Bitcoin holders with balances of 100–1,000 coins—“sharks”—and holders with 1,000–10,000 coins—“whales”—posted daily average losses of approximately $188.5 million and $147.5 million, respectively, in the first quarter, for a total of about $337 million. The cumulative realized losses this year are as high as $30.9 billion, nearing the level of the 2022 bear market. At the same time, losses realized on a daily basis by long-term holders (LTH) still remain at a high level of about $200 million. The data shows that current sell pressure is driven by rising macro risks (inflation expectations, crowded AI trading, etc.) and weakening market confidence.
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