web3: Bitcoin falls back to $65,000, Satoshi's holdings drop in value to $71.1 billions

After Bitcoin recently retreated, the market has refocused on the portfolio changes of early holders. Arkham data shows that Satoshi Nakamoto's wallet has remained untouched since 2010, holding approximately 1.096 million Bitcoin. At current prices, these assets are valued at about $71.19 billion.

Satoshi's holdings see significant depreciation in value

During Bitcoin's surge last year, the value of these holdings once exceeded $138 billion. As the price has declined, the valuation has dropped by around $67 billion from its peak, a decrease of more than 48%. Bitcoin is currently trading around $65,000, a level rarely seen since September 2024.

Market participation remains weak

Glassnode co-founder Rafael believes that BTC's current support is not solid, with spot participation and demand both subdued. Spot trading activity and the daily spot turnover rate remain low, and trading in ETF and digital asset treasury-related stocks has also cooled noticeably from their peaks.

Fork proposal faces resistance

The article also mentions that the new minority chain formed by BIP-110 supporters only produced two blocks after going live, with almost no further progress. Michael Saylor stated on X that the proposal only received 2.6% miner signal support. If support cannot be expanded, related nodes will reject non-signaled blocks after the designated block.

• Arkham data: Satoshi's wallet holds about 1.096 million BTC
• Currently valued at around $71.19 billion, about $67 billion below its peak
• BIP-110 has only received 2.6% miner signal support