Satoshi's assets evaporate 5 billion dollars before the anniversary of the Bitcoin whitepaper launch.

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The Bitcoin whitepaper will turn 17 years old tomorrow, amidst the continuous fall in value of Satoshi Nakamoto's wallets. In just one day, his total assets have evaporated by more than 5 billion dollars.

The price of BTC is facing significant pressure as the confidence of both individual and institutional investors gradually wavers. The market is going through a moment of great instability, and such negative signals could further exacerbate the bearish sentiment within the community.

Satoshi's Bitcoin Assets

Although some experts remain optimistic, the price of Bitcoin has recently been in a continuous decline. Market position fluctuations may exacerbate this trend.

According to the latest report from Arkham Intelligence, Satoshi Nakamoto's personal Bitcoin wallet has lost nearly 5 billion dollars in just 24 hours, reflecting a concerning situation.

Arkham reported that the daily loss remains below 5 billion dollars, but this data was recorded while Bitcoin was still trading around the 108,000 dollar mark. Subsequently, the price of BTC continued to fall sharply, dipping below the 107,000 dollar threshold and bouncing back to 109,000 dollars at the current time.

It cannot be confirmed whether this bearish trend will last, but it is clear that this is not a very promising signal. Tomorrow marks the 17th anniversary since Satoshi Nakamoto published the whitepaper, while the cryptocurrency community is facing unprecedented fragility.

Although it cannot yet be called a crisis, the growing sense of concern is gradually spreading among retail investors.

Memories in Anxiety

In addition, some new data further reinforces the feeling of instability. Yesterday, the Federal Reserve (Fed) lowered interest rates, a move that is typically expected to boost the growth of digital asset prices.

However, right after this decision, both individual and institutional investors all withdrew simultaneously, showing that confidence in the market is low and leading to a sharp fall in prices.

In addition, experts have openly criticized how Bitcoin is increasingly straying from Satoshi's original vision. Although designed to be stateless and decentralized, Bitcoin currently has closer ties than ever to major governments.

Ray Youssef stated to Coinphoton that this could facilitate the U.S. to carry out a “controlled demolition” of the cryptocurrency market capitalization.

It can be said that throughout the history of Bitcoin, Satoshi Nakamoto and his ideals have always been a spiritual support for the global cryptocurrency community. If his wallet continuously falls at this important anniversary, it is also a symbol full of meaning.

Whether we like it or not, symbols and narratives still play an important role in shaping investor psychology, which is a key factor in this market. If retail investor confidence is not reinforced, the market could witness historic price falls in the blink of an eye.

Mr. Giáo

BTC-0.17%
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GateUser-5a7b6782vip
· 8h ago
HODL💎
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GateUser-5a7b6782vip
· 8h ago
HODL💎
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