The cryptocurrency world experienced a significant downturn after the price of Bitcoin (BTC) plummeted over 20% following a cascade of liquidations triggered by market fears. This marks the largest one-day liquidation event in crypto history. While Bitcoin’s all-time high, exceeding $126,000 in early October, saw its value dwindle to around $100,000, Satoshi Nakamoto, the mysterious creator of Bitcoin, remains a significant holder. Their estimated 1 million BTC holdings, worth over $117.5 billion at the time, have lost over $20 billion since the peak. This decline comes during a volatile period marked by President Trump’s trade tensions announcement and market reactions. Analysts, however, believe this crash is temporary and not indicative of fundamental shifts in Bitcoin’s value. The Kobeissi Letter highlighted multiple technical factors driving the crash, including heavy leverage, thin liquidity, and potential for future trade agreements.