The latest downturn in the cryptocurrency market has not only impacted the overall market value but has also caused substantial losses for Bitcoin’s creator, Satoshi Nakamoto. Currently, Satoshi holds more than 1 million BTC, which is now valued at roughly $117.5 billion.

As Bitcoin reached an all-time high of over $126,000 in early October, Satoshi’s portfolio surged over $136 billion, demonstrating the volatility of crypto investments.

Satoshi Nakamoto’s Portfolio Source: Arkham Intelligence

However, the market was destabilized by a wave of liquidations initiated by a tweet from U.S. President Donald Trump regarding potential new tariffs on China. This led to fears of a trade war, causing a staggering $20 billion in liquidations — the largest single-day liquidation event ever recorded in crypto history. Despite the significant drop in prices, Bitcoin maintained stability above the $100,000 threshold.

Market analysts from The Kobeissi Letter suggest that this crash is merely a short-term setback and will not have long-lasting effects on market fundamentals. They predict that while conditions were exacerbated by high leverage and low market liquidity, the outlook for Bitcoin remains optimistic.

“We think a trade deal will be reached, and crypto remains strong. We are bullish,” the analysts stated.

Days before this crisis, the Kobeissi Letter noted the inverse relationship between Bitcoin’s peaks and the weaknesses of the dollar, suggesting a turning point in broader economic trends.