Recent data shows short-term Bitcoin whales are holding about $26 billion in unrealized losses, one of the highest levels seen this year. The peak came on February 6, when BTC briefly fell below $60,000 and losses surged to roughly $32 billion. These newer large holders are now under pressure. If volatility returns, stress among loss-holding whales could weaken confidence and trigger emotional selling, making the market more unstable in the near term.
