Satoshi Nakamoto, the pseudonymous founder of Bitcoin, has lost about $20 billion of his Bitcoin holdings in only ten days. The recent decline is part of a larger downward trend in the cryptocurrency market, which saw Bitcoin trade around $103,856 on Friday.
Despite the market decline, Satoshi Nakamoto remains one of the richest holders of Bitcoin worldwide. Arkham Intelligence mentioned his current Bitcoin cache ranks Satoshi Nakamoto above Alice Walton and Michael Bloomberg in wealth standings. Arkham Intelligence claims Satoshi Nakamoto holds more than 1 million Bitcoin, currently worth around $117.5 billion. When Bitcoin soared to an all-time high above $126,000 in the first week of October, his portfolio had ballooned to roughly $136 billion.
Satoshi Nakamoto still owns over $117 billion in BTC
Although analysts have pointed out that, unlike other preloaded Bitcoin wallets which have seen activity, addresses related to Satoshi’s mining operation remain completely dormant. The coins have never been moved, leading many to speculate that the private keys are lost or that Satoshi himself may no longer be alive.
Bitcoin’s steep drop has been tied to the escalating geopolitical tensions between Washington and Beijing. Markets tumbled after President Trump announced 100% tariffs on Chinese imports, from tech products to rare earth minerals, sparking a flight from risk assets, including cryptocurrencies. As earlier reported by Cryptopolitan, the market crash resulted in $20 billion in liquidations in under one day, the largest in crypto’s history.
In the aftermath, prices of coins plunged, and some altcoins lost more than 99% of their value. Still, Bitcoin held firm in the $100,000 range. Between October 10 and 11, data from Coinglass shows that over $19.3 billion in leveraged positions were wiped out, representing the biggest liquidation event in crypto history. Longs made up $711.24 million of the total liquidations, while shorts accounted for $308.30 million.
Analysts said the downturn deepened due to light weekend trading and panic selling by retail investors. Fear spread quickly on social media, prompting rushed exits, though some traders seized the moment to take profits and trim risk, helping prices stabilize afterward. So far, analysts have explained that the recent market crash is merely a short-term pullback. “We believe this crash was due to the combination of multiple sudden technical factors. It does NOT have long-term fundamental implications. A technical correction was overdue, we think a trade deal will be reached, and crypto remains strong,” they said.
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