Bitcoin whale holdings have dipped below their cost basis, signaling potential pressure from major long-term investors. According to PANews, large BTC holders controlling between 100 to 1,000 Bitcoin are now facing paper losses, with the breakeven point sitting around the $69,000 mark. This mirrors what occurred in June 2022, when the bitcoin whale community endured an extended period of underwater positions, lasting approximately seven months after the previous market peak. The current situation reflects similar market dynamics that could indicate renewed selling pressure or strategic repositioning among these major stakeholders.