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.
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 lower its key interest rate, which is positive for risk assets as inflation returns to the central bank’s 2% target. However, policymakers have been hesitant to move as they await the longer-term impacts of trade policy.
