Bitcoin Whales Are Exiting The Profit Territory — And It Could Get Worse
What’s Happening with Bitcoin?
As we dive into the wild world of 2026, Bitcoin’s price is taking a nosedive! It feels like the market has called a bear party and everyone forgot to bring the snacks. The latest on-chain data is showing that this bad day in Bitcoin land is particularly turning the frowns upside down for a special bunch—the infamous Bitcoin whales!
Who Are These Bitcoin Whales?
Now, if you’re wondering who these big fish are, they’re the ones sitting on piles of Bitcoin, specifically over 1,000 BTC! These folks usually have unrealized profits bigger than your house, but now it looks like their wallets are getting a little lighter. A recent scoop from the social media detective Darkfost points out that these whales are navigating some pretty choppy waters with their holdings.
The NUPL: What’s the Deal?
So, what’s the secret sauce behind this? Enter the Net Unrealized Profit/Loss (NUPL) metric—a fancy way to measure if our whale friends are swimming in profits or just struggling to keep afloat. A positive NUPL usually means they’re on top of their game, while a negative reading suggests they might be feeling a little more than just the market blues.
Whale Watch: The Numbers
The latest stats show that the NUPL for the biggest whales has crashed down to about 0.2—yikes! Historically, that number has hovered around bear market lows, meaning these whales could soon be facing an existential crisis, teetering on the edge of zero unrealized profits!
Will They Sell? The Pressure’s On!
Here’s the kicker: when market tides turn, these whales often end up in a tidal wave of unrealized losses. And according to our friend Darkfost, this pressure on their holdings may lead to some serious market capitulation—think of it like a stampede at a sale on the last pair of shoes!
The New Whales Are Struggling Too
The situation isn’t peachy for the new wave of short-term Bitcoin whales either. Between February 3rd and 7th, they were hit hard, racking up over $3 billion in losses! If this keeps up, we might just see more selling pressure, and it could send the price of BTC sliding down faster than you can say “To the Moon!”
The Current State of BTC
As of now, Bitcoin is hanging in there at around $68,710—up 5% in the past 24 hours, but still down nearly 3% for the week according to CoinGecko. It’s like a roller coaster ride for your wallet—hold on tight and enjoy the thrills, or maybe just grab some popcorn and watch the show!