Bitcoin Whales and Sharks: Q1 Daily Losses Exceed $300 Million, Total Losses Reach $30.9 Billion

According to data from Glassnode, in the first quarter of 2023, the daily losses for "sharks" holding 100-1,000 BTC and "whales" holding 1,000-10,000 BTC were approximately $188.5 million and $147.5 million, respectively, totaling about $337 million. The cumulative losses for the year have already reached $30.9 billion, approaching the levels seen during the 2022 bear market. Long-term holders are still experiencing daily losses of around $200 million, with market sentiment weakened by macro risks and declining confidence.

Gate News reports that on April 4, according to on-chain data from Glassnode, the daily losses for "sharks" holding 100-1,000 BTC and "whales" holding 1,000-10,000 BTC in the first quarter were approximately $188.5 million and $147.5 million, respectively, totaling about $337 million. The total realized losses for the year have reached $30.9 billion, close to the levels during the 2022 bear market. Meanwhile, long-term holders (LTH) continue to see daily realized losses of around $200 million. Data indicates that current selling pressure is driven by rising macro risks (inflation expectations, AI trading crowding, etc.) and weakening market confidence. #Gate广场四月发帖挑战