Bitcoin traders holding 100–10,000 BTC, or "sharks," realized losses at an average of $337 million per day in Q1 2026, the worst quarter since 2022, according to data from Glassnode. This comes after Bitcoin dropped more than 20% after whales last experienced similar losses in 2022. Long-term holders are also selling at a loss, indicating further downside in price. These large entities have locked in roughly $30.91 billion in realized losses so far in 2026. The most severe realized losses on record were for these high-net-worth entities, with sharks accounting for an average loss of $188.5 million per daily. The Long-Term Holder Realized Loss chart shows losses locked in by investors who held coins for over six months.