The wallet belonging to Bitcoin creator Satoshi Nakamoto remains one of the largest holders of BTC, boasting a balance of over 1 million coins. These coins, once valued at mere dollars over a decade ago when they were first mined, have experienced significant appreciation as the Bitcoin price has surged. However, with the rampant market fluctuations, the value of this balance has seen considerable variations over the years, with notable losses recorded recently due to another market crash.
Nakamoto’s Wallet Plunges Below $90 Billion
In January 2025, the Bitcoin price rose rapidly, fueled by optimism surrounding the inauguration of President Donald Trump. This rally propelled Bitcoin above $109,000, setting new all-time highs on January 20, 2025. However, since then, the leading cryptocurrency has faced multiple declines, losing over 30% of its value.
When Bitcoin reached its new peak, the value of Satoshi Nakamoto’s wallet also soared, peaking at nearly $120 billion. This milestone highlighted the remarkable growth of pioneering cryptocurrency. Yet, as prices tumbled, the valuations of these holdings dwindled correspondingly.
As of April 7, 2025, data from the on-chain aggregation website Arkham indicates that the value of the Bitcoin creator’s wallet had plummeted to $86.3 billion. In just one day, the 1.096 million BTC held in this wallet suffered a dramatic drop of $4.04 billion. Notably, the wallet has experienced a loss of $30 billion since Bitcoin’s all-time high in January.
Can The Bitcoin Price Recover Again?
The recent Bitcoin price crash to $74,000 has certainly ignited a wave of pessimism across the market, as bearish sentiment prevails. Nonetheless, this downturn has not deterred bullish advocates from predicting higher price thresholds, particularly as BTC seeks to establish new significant support levels.
One crypto analyst, speaking through the TradingView platform, identified critical support for Bitcoin. According to this analysis, the BTC price needs to hold at $76,600 to initiate further recovery. Following Monday’s plunge, the support level was breached, but a subsequent bounce brought Bitcoin back above $78,000, suggesting a potential reinforcement of bullish momentum.
Conversely, the analyst cautions that the worst-case scenario for the leading cryptocurrency could see values dropping to between $49,000 and $54,000. Such levels would represent a significant 50% decrease from the all-time high. Ultimately, the analyst posits that future trends will primarily hinge upon the evolving tariff conditions initiated by President Donald Trump and the overall market landscape in the United States.
