Whales Lost $337M/Day in Q1 — and Still Bought 270K BTC
Q1 2026 whale and shark realized losses averaged $337M/day — second only to Q2 2022. Exchange BTC reserves fell to a 9-year low of 2.21M BTC (5.88% of supply). MVRV Z-score 1.2 and aSOPR 0.97 reveal where Bitcoin stands in its 2026 cycle.