Bitcoin Whitepaper Anniversary is Tomorrow, But Satoshi’s Wallets Lost $5 Billion

As Bitcoin approaches the 17th anniversary of its whitepaper publication, the price of BTC has been dropping, causing Satoshi Nakamoto's estimated holdings to lose nearly $5 billion in the preceding 24 hours, according to Arkham Intelligence. This decline occurred while Bitcoin traded around $108,000, with the price subsequently falling further below $107,000. This market uncertainty, coupled with retail investor fear and criticism that Bitcoin has deviated from Satoshi's decentralized vision, creates a nervous atmosphere for the milestone. Despite the Federal Reserve cutting interest rates, which typically signals crypto gains, both retail and institutional investors have been retreating, leading to price drops and highlighting the symbolic weight of the founder's diminishing holdings at this critical juncture.

(Source：BeInCrypto)