$20 Billion Wiped from Satoshi Nakamoto's Bitcoin Fortune as Market Sees Significant Correction

The estimated Bitcoin holdings of Satoshi Nakamoto, the pseudonymous creator of Bitcoin, have seen a significant paper loss exceeding $20 billion following a recent market downturn. This substantial reduction in value, impacting an estimated 1.1 million untouched BTC, comes as the broader cryptocurrency market experienced a sharp correction in October 2025. Despite the volatility, many analysts maintain that the long-term bullish outlook for Bitcoin remains intact.

Satoshi Nakamoto's wallet, which has remained dormant since 2010, holds approximately 1.1 million Bitcoins, making it one of the largest single reserves of the cryptocurrency. According to blockchain analytics firm Arkham, these holdings were valued at over $131 billion earlier in the year, but have since decreased by roughly $20 billion, as reported by Cointelegraph. The consistent inactivity of these wallets reinforces the belief that Bitcoin was intended as a public tool rather than a personal gain.

The recent market turbulence saw Bitcoin's price drop significantly, falling below $110,000 and even touching lows around $103,600. This correction was attributed to a confluence of factors, including growing credit issues in the U.S. banking sector, substantial outflows from Bitcoin and Ethereum exchange-traded funds (ETFs), and widespread liquidation of leveraged trading positions. "The latest cryptocurrency market crash reflects growing concerns over banking instability, ETF outflows, and trader liquidations," stated a report by The Economic Times.

Despite the sharp decline, market analysts are largely optimistic about Bitcoin's recovery and long-term prospects. Many view the current correction as a "necessary step" within the ongoing bull cycle, citing historical patterns where Bitcoin frequently rebounds after dips. JPMorgan analysts, for instance, project a theoretical price of $165,000 by year-end 2025, suggesting Bitcoin is undervalued relative to gold on a volatility-adjusted basis.

The sustained institutional interest and continued inflows into Bitcoin ETFs are key drivers for this positive sentiment. Furthermore, technical indicators suggesting oversold conditions and the impact of the 2024 halving event, which reduced the supply of new Bitcoin, are seen as strong foundations for future price appreciation. "There's still a reason to be optimistic as long as bitcoin is holding above the 50-week moving average," noted Ben Cowen, founder of Into the Cryptoverse, emphasizing critical support levels.