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 which were worth mere dollars over a decade ago when they were first mined have ballooned in value as the Bitcoin price has risen. However, as the market has fluctuated, the value of the balance has seen wide variations over the years, with notable losses recorded recently as the market suffered another crash.
Nakamoto’s Wallet Plunges Below $90 Billion
Back in January 2025, the Bitcoin price had risen rapidly amid optimism surrounding United States’ President Donald Trump’s inauguration. The rally pushed the Bitcoin price above $109,000 to set new all-time highs on January 20, 2025. However, since then, the leading cryptocurrency has suffered multiple declines, losing over 30% of its value in the process.
When the BTC price hit a new all-time high, so did the value of Satoshi Nakamoto’s wallet. At its peak, the wallet boasted almost $120 billion, proving just how much the pioneer cryptocurrency has grown over the years. But as the price tanked, so did the value of the holdings.
As of April 7, 2025, data from the on-chain aggregation website Arkham shows that the value of the Bitcoin creator’s wallet had fallen to $86.3 billion. In a single day, the 1.096 million BTC held in this wallet dropped by a whopping $4.04 billion. In total, the wallet has lost $30 billion since the Bitcoin all-time high in January.
Can The Bitcoin Price Recover Again?
The recent Bitcoin price crash to $74,000 has no doubt triggered a wave of pessimism over the market as bears have once again maintained their dominance. Nevertheless, this has not stopped bulls from continuing to call for higher prices, especially as BTC holds toward finding new notable supports.
One crypto analyst, taking to the TradingView website, outlined the notable support for Bitcoin. According to the analysis, the BTC price would need to hold $76,600 to see further recovery. Now, the Monday plunge took out this support, but the subsequent bounce did see Bitcoin return above $78,000, which could suggest that bulls are strengthening.
On the darker side, the analyst believes that the worst case scenario for the leading cryptocurrency lies at $49,000 and $54,000. Reaching these levels would put the BTC price 50% below its all-time high price. All of these though, the analyst believes is largely dependent on the tariff situation being spearheaded by President Donald Trump and the general market situation in the United States.
Chart from TradingView.com
