Bitcoin Holder Satoshi’s Stash Takes $20B Hit in Crash – Here’s What You Missed!

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Ah, Satoshi Nakamoto! The mysterious genius behind Bitcoin (BTC), still the biggest BTC holder in the world. But guess what? His wallet just took a gut-punch of over $20 billion since Bitcoin hit its all-time high of a jaw-dropping $126,000 in early October. Ouch! 😱

Now, don’t start feeling too sorry for Satoshi just yet. His stash is still sitting pretty with over 1 million BTC, worth a cool $117.5 billion at the time of writing, according to Arkham Intelligence. Not bad, eh? 🍀

Things were looking even more dazzling when the value of his treasure chest swelled to over $136 billion during Bitcoin’s rally to new heights in October. But, as you might expect in the rollercoaster world of crypto, it didn’t last. 🏰💨

So what happened? Well, on October 8, the crypto markets were shaken like a snow globe by cascading liquidations in the perpetual futures market. Why? A little tweet from US President Donald Trump about tariffs on China sparked fears of a new trade war. Classic! 😒

And boom – the market crashed, triggering a monstrous $20 billion in liquidations in the worst 24-hour crypto meltdown ever. It was like watching a house of cards fall, but Bitcoin held its ground, staying above the $100,000 level. Strong little guy, huh? 💪

Don’t Panic, It’s Just a Blip – Bitcoin’s Still a Boss!

But don’t get your knickers in a twist just yet. According to the folks at The Kobeissi Letter (smart cookies, they are), this crash is nothing but a temporary blip. They’re not sweating it because this doesn’t change Bitcoin’s fundamental strength. Phew! 🍻

What really triggered the chaos? Well, a cocktail of technical factors: over-the-top leverage, thin market liquidity, and of course, that infamous Trump tweet. Apparently, crypto’s still got its mojo. 💥

The analysts over at Kobeissi are still bullish, saying a trade deal will be struck and crypto’s going to keep on rocking. They also pointed out that Bitcoin’s peak came when the US dollar had its weakest year since 1973. Now that’s a juicy little nugget of info! 🍔

And while some assets are down, others like gold and Bitcoin are on the up – something that doesn’t usually happen. A major macroeconomic shift, according to the analysts. What a time to be alive! 🌍💰

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2025-10-19 01:21