Satoshi Nakamoto (also known as Satoshi Nakamoto) is the creator pseudonym of Bitcoin.BTCSatoshi is currently the biggest BTC owner in the entire world. The wallets he controls have suffered an unrealized $20 billion loss since their all-time price high of over 126,000 dollars in early October.
Nakamoto’s Bitcoin stash According to estimates, Bitcoin is worth over $117.5 Billion at this time. data Arkham Intelligence
Portfolio grew to $136 billion in the last year Bitcoin’s rally to new all-time highs More than $126,000 was raised during the first weeks of October.
Crypto markets are a growing phenomenon. rocked by cascading liquidations The perpetual futures markets were sparked on the 8th of October by a post Donald Trump, US president signaling added tariffs on ChinaInvestors were alarmed by the renewed fears of trade war.
A market crash has caused a downward spiral $20 billion in liquidationsThe worst 24-hour event ever in crypto history sent prices plummeting, and the value of certain altcoins dropped by more than 99%. Bitcoin, on the other hand, showed some resilience by remaining over $100,000.
Related: Precious metals trade ‘overheated,’ investors to rotate into BTC: Analyst
A market crash can be a temporary setback. It does not mean that fundamentals have to change.
Market crash began October 8, 2009. only a short-term decline The following are some examples of how to get started: “does not have long-term fundamental implications,” According to The Kobeissi Letter’s investment analysts.
The market collapse was caused by a number of technical factors, such as excessive leverage and thin liquidity in the markets, which exacerbated the volatility, amplify the effects of sudden, large moves and Trump’s post on social media, The Kobeissi Letter. wrote.
“We think a trade deal will be reached, and crypto remains strong. We are bullish,” The analysts continue.
The Kobeissi Letter reported days before that Bitcoin’s highest point coincided with US Dollar’s. weakest year since 1973It is a sign of a significant macroeconomic shift.
A unique phenomenon is that the price of risk-on assets, such as BTC and gold, are rising at the same rate as the prices of store-of value and carry-out assets. These asset classes usually run in opposition to one another, and this adds further weight to Kobessi’s macroeconomic thesis.
Magazine: Sharplink exec shocked by level of BTC and ETH ETF hodling: Joseph Chalom
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Source: cointelegraph.com
