Gate News message, April 5, Glassnode on-chain data shows that in the first quarter, “sharks” holding 100–1,000 BTC and “mighty whales” holding 1,000–10,000 BTC recorded average daily losses of about $188.5 million and $147.5 million, respectively, totaling about $337 million. The cumulative losses locked in year to date are as high as $30.9 billion, approaching the level of the 2022 bear market. In addition, losses realized daily by long-term holders (LTH) remain still at a high level of around $200 million. Some market views expect that Bitcoin’s potential bottom range may be between $40k and $50k.
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