January 21 News, amidst global macro shocks and market sell-offs, Bitcoin’s price retreated to approximately $89,490, down over 3% in 24 hours. This volatility is closely related to Trump’s threat to impose a new round of tariffs on several European countries, which quickly heightened risk aversion sentiment, causing short-term capital flows into traditional assets like gold. However, on-chain data shows that the confidence of long-term Bitcoin holders remains unshaken, with the most symbolic being Satoshi Nakamoto’s holdings.
Tracking data from Arkham Intelligence indicates that since mining the first blocks in 2009, Bitcoin’s creator Satoshi Nakamoto has not moved any of his holdings for 17 consecutive years. As Bitcoin evolved from zero value to nearly $90,000 today, the approximately 1,096,358 BTC held by Satoshi is now worth close to $100 billion, accounting for about 5.5% of the total supply. This long-term, unmoved large holding is regarded by the market as the ultimate endorsement of Bitcoin’s long-term value.
In contrast, recent institutional selling activity has been observed. In the past 24 hours, about 64,000 BTC have been transferred to the market, increasing short-term supply pressure. This synchronized action appears more like strategic price suppression rather than emotional panic selling, often used to trigger stop-losses and clear high-leverage positions.
Nevertheless, the distribution of holdings remains highly concentrated among long-term entities. Besides Satoshi Nakamoto, major Bitcoin holders include US-based firms BlackRock, Strategy, and the US government. Meanwhile, the number of active addresses has been steadily declining since the October 2025 peak, indicating reduced retail participation, but on-chain transaction volume has rebounded, suggesting large holders are repositioning at lower levels.
The comparison from “Satoshi Bitcoin stock” to “institutional and on-chain signals” shows that short-term price fluctuations are unlikely to shake the long-term value logic. Bitcoin’s growth from worthless to an asset that has created 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 redistribution of chips rather than the end of faith.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
"Rich Dad Poor Dad" Author Warns Asset Bubble Will Burst, Predicts BTC Soars to $750,000
Investor Robert Kiyosaki predicts that Bitcoin will reach $750,000 and Ethereum will reach $95,000 following a global financial crisis, warning that "the biggest asset bubble in history" is about to burst. He emphasizes the importance of holding gold, silver, and cryptocurrencies to resist fiat currency depreciation. While his predictions have sparked debate, with critics arguing they lack empirical support, supporters remain optimistic about the long-term value of scarce assets.
MarketWhisper17m ago
Cango Announces 2025 Financial Results: Full-Year Total Revenue of $688 Million, Sold 4451 Bitcoin in February
Cango announced its 2025 financial results with total revenue of $688 million, generating 6,594.6 bitcoins, Q4 revenue of $179 million, and net loss of $622 million. The company disposed of 4,451 bitcoins to reduce liabilities and completed a $10.5 million capital increase and a $65 million new financing agreement.
GateNews19m ago
Maji Big Brother Enters Again, Going Long on BTC, ETH, and HYPE
The crypto market has regained activity, with renowned trader DJ Machi (Huang Li-cheng) re-entering the market to go long, increasing his bullish positions in Ethereum and Bitcoin. Despite floating profits exceeding $1.4 million, he still needs $27.7 million to break even. Facing past losses, his continued investment has become a market focal point.
ChainNewsAbmedia37m ago
A certain hedge fund whale has built a position of 45 million USD betting on a weakening ETH/BTC exchange rate, with current floating gains of 200,000 USD.
On March 17th, Hyperinsight monitored a hedge whale establishing BTC long positions and ETH short positions with 20x leverage, each approximately $22 million, totaling $45 million. Currently, the BTC long position shows an unrealized loss of $230,000, the ETH short position shows an unrealized gain of $420,000, with an overall unrealized gain of $200,000. This whale frequently hedges commodity positions through crypto holdings and favors short-biased strategies.
GateNews38m ago
MICA Daily | BTC Stable Above 30-Day Moving Average, Continues to Show Bullish Outlook
According to Binance data, Bitcoin's moving average convergence divergence indicator shows significant improvement in its price trend structure, with current trading price around $73,000, and moving averages in a divergent state, reflecting a market transition phase. Technical analysis indicates that the 30-day moving average is of high importance; if the price maintains above this moving average, it indicates buying support, otherwise it may enter a correction phase. Investors will judge the trend based on changes in moving averages.
区块客46m ago
Metaplanet Raises Additional $255 Million to Buy Bitcoin, Targets Full Increase to $531 Million
Japan's Metaplanet has recently raised approximately $255 million in new funding to increase its bitcoin holdings, with a target of holding 210,000 BTC before 2027. The company has become Japan's largest bitcoin holder and is further expanding its market exposure. This fundraising strategy includes premium share offerings and warrants, aimed at accelerating bitcoin accumulation and ecosystem development.
区块客50m ago
