Behind the 3% plunge in BTC, why has Satoshi Nakamoto's trillion-dollar holdings remained unmoved for 17 years

Bitcoin comes under renewed pressure amid global macro shocks, with the price dropping to approximately $89,490, a decline of over 3% in 24 hours. This decline is directly related to Trump’s threat to impose additional tariffs on Europe, fueling risk-off sentiment and capital flowing into traditional assets like gold. Interestingly, while market panic ensues, the holdings data of Bitcoin’s creator, Satoshi Nakamoto, tells a different story.

The Silent Endorsement of Hundred-Billion-Dollar Holdings

According to on-chain data tracking platform Arkham Intelligence, since mining the first Bitcoin block in 2009, Satoshi Nakamoto has not moved any of the Bitcoin holdings for 17 consecutive years. This is not just a simple number game.

Currently, Satoshi holds about 1,096,358 BTC, valued at nearly $100 billion, accounting for approximately 5.5% of the total Bitcoin supply. This means that even as Bitcoin evolved from zero value to nearly $90,000 today, Satoshi has never moved a single coin.

This long-term, immovable large holding is regarded in the market as the ultimate endorsement of Bitcoin’s long-term value. To put it in numbers: if Satoshi were to sell, this hundred-billion-dollar stash could trigger a major market震荡. But he chooses silence.

The Battle Between Short-Term Selling and Long-Term Strategy

An interesting contrast emerges. In the past 24 hours, about 64,000 BTC have been transferred to the market, increasing short-term supply pressure. Such synchronized behavior is often interpreted as strategic price suppression rather than emotional panic selling, aiming to trigger stop-losses and clear high-leverage positions.

However, the overall picture of holdings shows that large chips remain highly concentrated among long-term holders. Besides Satoshi, major Bitcoin holders include US-based firms BlackRock, Strategy, and the US government.

On-chain data further confirms this: the number of active addresses has been steadily declining since the October 2025 peak, indicating reduced retail participation. Meanwhile, total on-chain transaction volume has rebounded, suggesting that large holders are re-entering positions at lower levels.

The Market Logic of Reallocating Chips

From the overall market performance, current volatility appears more like a redistribution of chips rather than a loss of faith.

Bitcoin’s market cap is currently $1.78 trillion, accounting for 59.09% of the market. At this scale, a short-term 3% decline is stimulating but not surprising over the long cycle. Historical data shows that Bitcoin’s journey from worthlessness to creating hundreds of billions in wealth demonstrates its cross-cycle appeal.

For investors focused on Bitcoin’s long-term trend, the current turbulence is more like a signal—large holders are using price fluctuations to test the market bottom, and Satoshi’s 17-year silence is the most convincing footnote in this game.

Summary

The fact that Satoshi Nakamoto’s hundred-billion-dollar holdings have remained untouched for 17 years actually answers a fundamental question: if Bitcoin’s creator has been holding long-term, why should we panic over short-term volatility? The short-term market sell-off contrasts sharply with the steadfastness of long-term holders, and on-chain data shows that big players are rebalancing. This is not a dangerous signal but a market self-adjustment process. For believers, such corrections are precisely opportunities for chip redistribution.