CryptoPatel28

$BTC

🚨#Bitcoin's whitepaper will pass its 17th anniversary tomorrow, and Satoshi Nakamoto's wallets are hemorrhaging. During the last day, his total holdings have fallen by over $5 billion. 
The price of BTC has been suffering as retail and institutional investors lose confidence. We're in an uncertain moment, but symbols like this could further encourage community bearishness.
Satoshi's Bitcoin Holdings
Despite a few bullish hopes from analysts, Bitcoin's price has been dropping lately, and shifts in market dominance could cause these trends to magnify even further.
Earlier today, Arkham Intelligence reported that Satoshi Nakamoto's personal Bitcoin wallet lost nearly $5 billion in 24 hours, providing a stark data point.
Arkham claimed that single-day losses stayed under $5 billion, but this observation regarding Satoshi's wallet occurred while Bitcoin was still trading at around $108,000. In the intervening hours, the price of BTC declined further, dropping below $107,000.


It's unclear whether these drops will continue, but this trend seems like a grim omen. Tomorrow will be the 17th anniversary of when Satoshi published Bitcoin's whitepaper, and the crypto community is facing a fragile moment.
It's a little premature to declare a crisis yet, but retail sentiment is trending towards fear.
A Nervous Anniversary
Still, there are a few extant data points that help contribute to this sense of foreboding. The Federal Reserve cut interest rates yesterday, which normally signals price gains for cryptoassets.
However, since this took place, retail investors and corporate institutions have both been in full retreat, signaling low confidence and sparking price drops.
Moreover, experts are harshly criticizing the ways in which Bitcoin has deviated from Satoshi's initial vision. Although crypto was intended to be stateless and decentralized, it's currently more entangled with major governments than ever.
Ray Youssef argued to BeInCrypto that this could give the US power to enact a "controlled demolition" of industry market caps.
To put it another way, throughout Bitcoin's history, Satoshi Nakamoto and his vision have served as a common touchstone for crypto enthusiasts of all stripes. If his wallets are hemorrhaging on the advent of a major community milestone, that could also serve as a meaningful symbol.
Like it or not, symbols and narratives play a significant role in shaping investor sentiment, which is crucial in this industry. Without real confidence from retail investors, tokens can undergo historic price drops in record time.
Read original story Bitcoin Whitepaper Anniversary is Tomorrow, But Satoshi’s Wallets Lost $5 Billion.#BitcoinWhitepaperAnniversary

$BTC

🚀SpaceX, the privately held aerospace company led by tech billionaire Elon Musk, made another Bitcoin transfer on Wednesday, continuing a recent flurry of moves.
According to on-chain data tracked by Arkham Intelligence, the company moved 281 Bitcoin (over $31 million worth) from Coinbase Prime custody to a fresh wallet. It’s unclear whether the company is simply changing its storage scheme, gearing up to sell the funds, or plans to use the Bitcoin in some other way.
Decrypt reached out to SpaceX for comment about the moves, but did not immediately receive a response.
The latest move comes following numerous transfers last week, which saw hundreds of millions of dollars transferred from wallets connected to SpaceX. Prior to a move three months ago, SpaceX hadn’t touched its holdings in three years.
Assuming it hasn’t sold any Bitcoin yet, SpaceX holds 8,285 BTC—$894 million worth—making it the fourth largest privately held corporate Bitcoin treasury, per data from bitcointreasuries.net. The aerospace company once held 25,000 BTC in 2022 before reducing its position to 8,285 BTC by June that year.
Elon Musk Gushes About Bitcoin 'Energy' Demands—Years After Environmental Gripes
Elon Musk’s electric car company Tesla maintains 11,509 BTC worth over $1.24 billion, ranking just outside the top 10 publicly traded companies with Bitcoin treasuries.
Earlier this year, Tesla benefited from new accounting rules that allowed it to revalue its holdings, booking over $600 million in quarterly profits as Bitcoin prices rose following President Trump's election.
Tesla's last on-chain activity occurred in October 2024, when it transferred its holdings to new wallets—and similarly did not comment on why.#BitcoinEnergy

$BTC

🚨Cryptocurrencies and crypto-related stocks opened lower Thursday as the Fed's surprisingly hawkish turn Wednesday outweighed solid progress on the Chinese trade front.
Presidents Trump and Xi met overnight and Treasury Secretary Scott Bessent Thursday morning said the 🇺🇸U.S. government is pausing plans to expand a blacklist of Chinese companies. He also touted an agreement for China to sizably up its purchases of U.S. soybeans this year and into the future.
Where once those sorts of headlines might have sent traditional and crypto markets higher, it appears the good news may have been priced in.
Instead, Federal Reserve Chairman Jerome Powell's insistence yesterday that further rate cuts were far from assured continued to rattle markets, with bond yields and the dollar both continuing to firm.
Bitcoin (BTC) took out Wednesday's lows, plunging below $108,000 to its weakest price in more than a week. It's lost 4.4% over the past 24 hours and is down nearly 8% from Monday's high of $116,000.
Ethereum's ether (ETH) tumbled 5% breaking below $3,800. Major altcoins XRP (XRP), solana (SOL), dogecoin (DOGE) and Cardano (ADA) shed 5%-7% in a day.
Crypto-related stocks mirrored the broader market’s downward trend. Shares of Coinbase (COIN), which reports third-quarter earnings after the market-close, were down nearly 3%. Strategy (MSTR), Robinhood (HOOD) and Circle (CRCL) all fell 2% while Gemini (GEMI) took a bigger hit and dropped nearly 5%. Miners also traded lower.
Also dealing with a busy earnings season, the Nasdaq is lower by 1%, with Meta down 12% on disappointing results and Google ahead 5% after the opposite. The S&P 500 is only marginally lower and the DJIA is higher on the session.
October disappoints bulls
As October is nearly over, crypto traders' high expectation for a bullish month, often dubbed "Uptober," is almost certainly being shattered. At current prices, bitcoin is down more than 5% for the month in what would be its worst October return since 2014.
With crypto market in correction mode, the frenzy around digital asset treasuries (DAT), which took over Wall street earlier this year with public companies pivoting to purchase cryptos by selling shares and debt, continued to unravel. Many once-high-flying stocks fell below the net asset value of their underlying holdings.
Strategy (MSTR) has hit a fresh low since the April tariff tantrum, now trading at $268, down over 50% from its all-time high in November 2024, including a staggering fall of about 40% since the middle of July. The company reports third quarter earnings after the closing bell today. MSTR currently trades at a 1.33x premium to its net asset value (mNAV), its weakest per that metric since February 2024.
KindlyMD (NAKA), another BTC treasury, is down 6%, trading just below $0.90 and facing pressure of getting delisted from Nasdaq. Meanwhile, Strive (ASST) is trading below its $1.35 warrant price at $1.30, creating an obvious short-term headwind for further upside.
Thursday also brought another entrant into the DAT game with SEGG Media Corporation (SEGG), announcing a $300 million digital asset strategy to "generate sustainable on-chain yield, accelerate tokenization across sports and entertainment, and embed blockchain infrastructure into its global media ecosystem." Just months ago, the headline alone would have spurred major gains for the nanocap, but the DAT bubble having since been popped, shares are slipping 3% on Thursday. #BitcoinUptober

$XRP

🚨XRP, the fourth-largest cryptocurrency by market cap, is at the center of debate as industry experts question its core utility in today's market📊
This new discussion highlights a key issue in the crypto space: What justifies the persistent investor fixation on XRP, separate from its corporate parent, Ripple?
Has XRP Lost Its Utility? What Crypto Analysts Are Saying
XRP has experienced one of the most turbulent journeys in the crypto space. From facing intense regulatory scrutiny to eventually overcoming major legal hurdles. Its proponents have long hailed XRP for its transformative potential in global finance.
However, in 2025, as Ripple’s business is growing, many believe XRP’s purpose and utility are shrinking. In a recent post on X (formerly Twitter), Scott Melker, Host of The Wolf Of All Streets Podcast, posed the question,
"I say this with no disrespect, looking for an actual answer. What is the current pitch for XRP? The token, not Ripple the company."
He noted that major financial players have opted for other networks, with Western Union choosing Solana for its stablecoin initiative and SWIFT going with Linea. These moves, he said, challenge XRP’s long-promoted narrative as the bridge for global payments.
"Stablecoins have clearly taken the reigns for payments, so I get their stablecoin being in play. But what utility does XRP have?" Melker asked.
The post exposed a divide between the community. Critics asserted that XRP's utility is illusory, with its main function being to raise capital for Ripple.
DBCrypto argued that banks have shown little interest in XRP, and it only serves to fund business operations and software development.
"XRP has no utility except to be sold to pay for their business operations and funding their software, that has nothing to do with the token. Banks have already said they have no interest in it. Oh, and WU 'chose' Solana after a $50m incentive package. For $50m I’m sure dozens of chains could have landed that short term 'partnership,'" the analyst wrote.
Others accused XRP of being more of a profit tool for its creators than a cryptocurrency with meaningful, real-world use. BeInCrypto reported that since 2018, Ripple co-founder Chris Larsen has realized over $764 million from XRP sales, often near local price highs. This has contributed to the concerns.
Lastly, attorney Joe Carlasare compared XRP to meme coins. He claimed that XRP’s value is driven by the token’s strong community rather than its utility.
"People buy XRP because it's a meme. Just like ADA. Just like Doge. Just like Trump coin. It's never been about the utility. It's about the XRP 
#XRPPredictions