Bitcoin's Aggressive Distribution Cycle: Whales' Losses Reach Record Levels

Bitcoin's price has been trading within a descending channel since its $126k peak in October 2025, leading to significant losses for investors.

A recent analysis of Checkonchain data shows that over 45.8% of the total supply currently sits at a loss, with only 54.12% in profit.

The rising losses have pushed most market participants to capitulate, especially whales, who have recorded the largest losses at $337 million per day, according to CryptoRover.