Satoshi’s Bitcoin Holdings Hit by Price Slump
The post Satoshi’s Bitcoin Holdings Hit by Price Slump appeared on BitcoinEthereumNews.com.
Based on Arkham data, the value of Bitcoin creator Satoshi Nakamoto’s Bitcoin holdings has dropped by over $4 billion in the last four days. According to recent Arkham data, Satoshi’s Bitcoin holdings are nearly $116 billion, a more than $4 billion decline from the $120 billion reported by Arkham on May 26. Bitcoin has fallen since May 26, when its price rose beyond $110,000. Bitcoin achieved a high of $110,474 on May 26; bullish attempts to reclaim the $111,000 level culminated in highs of $110,829 on May 27, following which Bitcoin began to decline. You Might Also Like Bitcoin has dropped three days in a row since this date and is currently trading in red as the crypto market fell in the early Friday session, with over $703 million of crypto positions liquidated. Bullish traders accounted for the majority of this figure, which came in at $640 million. Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is believed to hold nearly 1.1 million BTC spread across early-mined addresses. These coins have never moved and are considered “off-market,” but their theoretical value still attracts attention during major market moves. What’s happening? Bitcoin dropped to its lowest level since May 20 as cryptocurrency markets cooled following a multi-week surge from April lows. You Might Also Like The leading cryptocurrency fell to a session low of $104,624 before recovering to $105,570 at press time, down 1.53% in the last 24 hours and 3.9% weekly. The crypto market is bracing for impact, as the Inflation rate slipped to 2.1% in April, lower than expected, the Fed’s preferred gauge shows. The personal consumption expenditures (PCE) price index, the Federal Reserve’s key inflation measure, rose only 0.1% in the month, bringing the annual inflation rate to 2.1%, the lowest since 2025. Expectations are on the Fed to…
Filed under: News - @ June 1, 2025 1:27 am