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