Crypto investors have recorded over $4.5 billion in losses on Bitcoin $BTC , experts from the analytical platform CryptoQuant reported.

According to their data, this is the highest figure in the last three years. The company believes that such a level of capitulation may indicate the approach of a local market bottom.

However, despite the pessimism of some market participants, large Bitcoin whales continue to increase their positions. As reported by Santiment, wallets with a balance of at least 1000 BTC have collectively increased their reserves by 104,340 coins — approximately 1.5%.

Analysts also noted that addresses with a minimum balance of 1000 BTC hold 7.17 million BTC, the highest level since September 15, 2025.

BTCUSDT

Perp

66,030.3

-1.68%