Background

Satoshi’s Wallet Theoretical Value Drops $32 Billion

Article arrow_drop_down
Satoshi’s Wallet Theoretical Value Drops $32 Billion
Key Points:
  • Theoretical loss in Satoshi’s Bitcoin holdings amid market correction.
  • Bitcoin price drop to $98,000 from $124,500 ATH.
  • No movement from Satoshi’s wallets detected during correction.

Satoshi Nakamoto’s Bitcoin wallets hypothetically lost about $32 billion in value since Bitcoin’s heyday due to market correction. This decline stems from decreased BTC prices, affecting not just BTC but also other cryptocurrencies via market-wide sell-offs.

The event highlights the impact of macroeconomic factors on cryptocurrency markets, with Bitcoin’s price significantly dropping. This decline aligns with high ETF outflows.

Satoshi’s Wallets Remain Theoretically Unchanged Despite Loss

Evidence shows Satoshi Nakamoto’s Bitcoin wallets, holding approximately 1.1 million BTC, have not been moved since their creation. With Bitcoin’s price falling from an August 2025 ATH of around $124,500 to $98,000 by November, the theoretical value of these holdings has decreased by approximately $32 billion. Satoshi’s wallets remain inactive, reinforcing the theoretical nature of the loss.

Institutional Impacts on Crypto Prices

Institutional investors in the U.S. contributed heavily to Bitcoin ETF outflows, accelerating the price drop. This event coincided with broad sell-offs in risk assets globally. Major outflows from US-listed spot Bitcoin ETFs were noted, stressing Bitcoin’s market vulnerability, while no official statements were made by key influencers.

Market Reactions and Future Outlook

The broader crypto market has also been affected. Ethereum saw significant ETF outflows, and major altcoins followed Bitcoin’s downward trend. Institutional investors pulling back, combined with macroeconomic policies, have pressured cryptocurrency markets worldwide.

Notably, on-chain analysis highlights increased whale accumulation during the correction. Large investors acquired 45,000 BTC recently, demonstrating confidence in eventual market recovery. This activity suggests they view current price levels as advantageous for long-term positioning.

Whale accumulation of 45,000 BTC noted with ‘structure positions being set up amid weak capital flow and low market momentum.’ – Timothy Misir, Head of BRN Research

About the author

Related

About Coinlineup

CoinLineup is a specialized platform dedicated to empowering investors with the knowledge and tools needed to succeed in both the financial stock market and the crypto market. Our primary focus is to provide comprehensive market insights by delivering real-time and historical data, solid investment strategies, and trading tips. We aim to equip investors with accurate information, allowing them to make well-informed decisions in their financial endeavors.

Copyright 2024 coinlineup.com. Crypto, Stocks, and Forex – All in One Place.

Login to enjoy full advantages

Please login or subscribe to continue.

Go Premium!

Enjoy the full advantage of the premium access.

Login

Stop following

Unfollow Cancel

Cancel subscription

Are you sure you want to cancel your subscription? You will lose your Premium access and stored playlists.

Go back Confirm cancellation

Index