A major holder of the leading cryptocurrency has incurred a loss of $55.6 million by selling 1,102 BTC. Analysts at Lookonchain noted this development.
A whale deposited 1,102 $BTC($74.21M) to #Binance today, which he had accumulated 8 months ago at $117,770, taking a loss of $55.6M(-43%).https://t.co/QozESpcnIo pic.twitter.com/i1Xe4aiRp1
— Lookonchain (@lookonchain) March 30, 2026
The investor purchased the bitcoins eight months ago at an average price of $117,700 per coin. At the time of writing, the asset is trading around $68,100, more than 40% below the purchase price of the unknown market participant.
On March 27, another whale sent 500 BTC worth $33 million to exchanges. A week before the latest transaction, this same address transferred 5,000 BTC to trading platforms. The investor had acquired them in 2013 at $332 per coin. The wallet began liquidating assets in November 2024. Since then, it has sold 4,000 BTC.
At the time of writing, the market participant still holds about 1,000 BTC worth $66 million at the current rate.
Defensive Mode
Large bitcoin holders have raised concerns about future price pressure, noted CryptoQuant analyst Sunny Mom. According to her, after aggressive accumulation earlier in the year, whales are now reassessing their positions.
Whale activities suggest BTC may face downward pressure with potential for heightened volatility via @cryptoquant_com
— Sunny Mom（加密媽咪） (@chich1217) March 30, 2026
“The accumulation momentum of large on-chain addresses is exhausted, and some are even moving to slight distribution,” she stated.
Since January, the Exchange Whale Ratio has also been rising. The 30-day moving average has reached 0.6. Historically, such levels often foreshadow increased volatility and selling pressure.
A clear divergence has formed in the market: on-chain purchases have ceased, while large inflows to exchanges are increasing, Sunny Mom emphasized. The price hovers around $67,000, but data indicates the market is entering a redistribution phase.
“The stablecoin ratio remains low — fresh capital is not coming in. Without inflows, any attempt by whales to lock in profits from previous accumulation will rely solely on existing liquidity, making the rate sensitive to selling pressure,” the expert concluded.
In March, analysts at Santiment pointed out signs of accumulation among large investors. Over the past month, they increased their holdings by 61,568 BTC.