Bitcoin Whales & Sharks Facing Pressure. 😟 $30.9B in Realized PNL Losses. 📊

On chain data from Glassnode indicates that mid to large $BTC holders are currently realizing substantial losses.

“Sharks” (wallets holding 100 | 1,000 BTC) and “Whales” (1,000 | 10,000 BTC) have recorded average daily realized losses of approximately $188.5 million and $147.5 million, respectively amounting to a combined $337 million per day.

This elevated selling pressure appears to be driven by a combination of macroeconomic headwinds including rising inflation expectations and increased volatility linked to AI driven trading activity as well as deteriorating market sentiment. These factors have contributed to accelerated SL behavior among large holders.

At the same time, long term holders (LTHs) continue to realize losses at a sustained rate of roughly $200 million per day, indicating that the market has yet to exhibit clear signs of sell side exhaustion.

Given these overlapping pressures, institutional analysts caution that Bitcoin may still face additional downside risk. Some projections suggest a potential bottoming range between $40,000 and $50,000 before a more stable recovery phase can begin.
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