Bitcoin experienced a significant price drop, falling from its all-time high of $124,500 to around $98,000. This has resulted in a theoretical loss of approximately $32 billion for the wallets of Satoshi Nakamoto, whose holdings amount to roughly 1.1 million BTC. This decline stems from the overall decrease in Bitcoin’s value and subsequent sell-offs across the cryptocurrency market. Notably, despite this price drop, Satoshi’s wallets remain inactive, indicating a theoretical loss that hasn’t been realized through any activity. The market correction highlights the impact of macroeconomic factors on crypto prices. US-based institutional investors have contributed significantly to Bitcoin ETF outflows which accelerated the price drop. This event coincides with global sell-offs across risky assets and is attributed to high ETF outflows from US-listed spot Bitcoin ETFs. The overall effect is a greater susceptibility of Bitcoin’s market, as major outflows from U.S.-based exchange-traded funds were noted by key market observers. Meanwhile, the cryptocurrency market has witnessed significant impacts on Ethereum and altcoins, with their prices mirroring the downward trajectory of Bitcoin. Despite this downtrend, market analysis reveals a recent surge in whale accumulation. Large investors acquired 45,000 BTC recently, signifying confidence in a potential market recovery. ‘Whale’ activity suggests that these investors believe current price levels offer an opportunity for long-term investment.