Satoshi's Bitcoin stash declined by over $20B from all-time high amid crash

Satoshi Nakamoto, the creator of Bitcoin, holds over 1 million BTC, which saw an unrealized loss exceeding $20 billion from its peak value of over $136 billion in early October. This decline followed a severe crypto market crash on October 8, triggered by US President Donald Trump's post signaling new tariffs on China, leading to $20 billion in perpetual futures liquidations.

Despite the rout, Bitcoin remained above $100,000. Analysts at The Kobeissi Letter view the crash as a temporary setback driven by technical factors like excessive leverage and thin liquidity, asserting it lacks long-term fundamental implications. They remain bullish on crypto, anticipating a trade deal.

The analysts also noted that Bitcoin's recent all-time high coincided with the US dollar's weakest year since 1973, suggesting a major macroeconomic shift where risk-on assets, gold, and BTC are all increasing simultaneously, which supports their bullish macroeconomic thesis.

(Source：Cointelegraph)