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.
