A major holder of Bitcoin has reported a loss of $55.6 million after selling 1,102 BTC, as noted by analysts from Lookonchain.
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 each. At the time of writing, the asset is trading around $68,100, which is over 40% lower than the purchase price of this unidentified market participant.
On March 27, another whale sent 500 BTC worth $33 million to exchanges. A week prior to this transaction, the same address transferred 5,000 BTC to trading platforms. This investor acquired the coins in 2013 for $332 each. The wallet began liquidating assets in November 2024 and has since sold 4,000 BTC.
At the time of writing, this market participant still holds about 1,000 BTC valued at $66 million at current prices.
Source: Arkham.
Defensive Mode
Large Bitcoin holders have raised concerns about potential future price pressure, noted CryptoQuant analyst Sunny Mom. According to her, after aggressive accumulation earlier this 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
https://t.co/td3asEC13p
“The accumulation momentum of large on-chain addresses has been exhausted, and some are even transitioning to minor distribution,” she stated.
Since January, the Exchange Whale Ratio has also been increasing. The 30-day moving average has reached 0.6. Historically, such levels often foreshadow increased volatility and selling pressure.
There is a clear divergence in the market: on-chain purchases have ceased while large inflows to exchanges are rising, emphasized Sunny Mom. The price hovers around $67,000, but data indicates the market is shifting into a redistribution phase.
“The stablecoin ratio remains low—new capital is not entering the market. Without inflows, any attempt by whales to lock in profits from previous accumulation will rely solely on existing liquidity, making the price sensitive to selling pressure,” the expert concluded.
Recall that in March, analysts from Santiment pointed out signs of accumulation among large investors. Over the past month, they have increased their holdings by 61,568 BTC.