Bitcoin is currently priced at $101,106 with a +1.28% increase in the past 24 hours, while Ethereum trades at $4,004, up +0.20% over the same period. The futures market remains balanced, with a 49.3% long and 50.7% short position ratio. The Fear and Greed Index, a key measure of market sentiment, maintains the sentiment 79 (Extreme Greed) yesterday to 78 (Extreme Greed) today. Bitcoin’s unprecedented climb past $100,000 has triggered record-breaking achievements in DeFi, national investments, and institutional adoption. Liquidium has reached its highest lending volume in months, El Salvador has seen its Bitcoin portfolio's unrealized gains cross $333 million, and U.S. Bitcoin ETFs now hold over 1.1 million BTC, surpassing Satoshi Nakamoto’s estimated holdings. This article explores the technical milestones and figures behind these groundbreaking developments.
What’s Trending in the Crypto Community?
- Michael Saylor of MicroStrategy: Suggests US sell gold reserves to buy at least 20% to 25% of circulating Bitcoin.
- US spot Bitcoin ETF saw net inflows of $2.74 billion this week, second-largest weekly inflow since launch.
- BlackRock: Bitcoin can be a potential diversification tool.
- El Salvador’s Bitcoin Portfolio Reaches $333M.
Crypto Fear & Greed Index | Source: Alternative.me
Trending Tokens of the Day
Top 24-Hour Performers
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24H Change |
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- 3.57% |
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- 4.76% |
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+ 8% |
El Salvador’s Bitcoin Portfolio Gains $333 Million
Source: X
El Salvador's Bitcoin investment strategy has yielded unrealized gains exceeding $333 million following Bitcoin’s price surge. President Nayib Bukele publicly shared the country’s holdings to highlight the financial success of the nation’s bold cryptocurrency adoption.
- The government has invested $270 million in Bitcoin since September 2021.
- El Salvador’s portfolio consists of 4,568 BTC, purchased at an average cost of $59,000 per coin.
- The portfolio’s current value exceeds $456 million, representing a 123% increase in unrealized gains
- These gains place El Salvador among the most successful national investors in cryptocurrency.
The nation has adopted a long-term approach, holding all Bitcoin without selling any of its reserves. This strategy aligns with El Salvador’s broader vision of integrating Bitcoin into its economy and financial system. The country’s embrace of Bitcoin has also boosted tourism and foreign investment, with over $100 million in related economic activity recorded in 2023.
Read More: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025
U.S. Bitcoin ETFs Surpass Satoshi Nakamoto’s 1.1 Million BTC Holdings with $2.74B
US spot Bitcoin ETFs passed Satoshi Nakamoto in total BTC held. Source: Eric Balchunas on X
For the first time, U.S. spot Bitcoin exchange-traded funds (ETFs) collectively hold more Bitcoin than Satoshi Nakamoto’s estimated 1.1 million BTC. These ETFs have experienced rapid growth, fueled by Bitcoin’s price surge and increasing institutional demand.
- The combined ETF holdings total 1,105,923 BTC, surpassing Satoshi’s estimated 1.1 million BTC
- BlackRock’s IBIT ETF leads with 521,164 BTC, representing nearly 47 % of total ETF holdings
- Grayscale’s converted GBTC fund holds 214,217 BTC, or 19 % of total ETF assets
- Fidelity’s FBTC fund follows closely with 199,183 BTC, contributing 18 % to the total
- Total inflows for all ETFs since January exceed $33 billion, with $2.4 billion added in the past week alone
- December 5 saw $766.7 million in inflows, equal to 7,800 BTC
The ETFs now manage over $100 billion in assets, a significant milestone achieved within less than a year since the first spot ETF launched. This institutional interest underscores Bitcoin’s growing appeal as a secure and liquid investment asset. The ETFs’ rapid growth reflects the increasing mainstream acceptance of Bitcoin in global financial markets.
Read more: What Is a Bitcoin ETF? Everything You Need to Know
Satoshi Nakamoto’s Estimated 1.1 Million BTC Holdings
Satoshi Nakamoto is estimated to have mined approximately 1.1 million BTC during Bitcoin’s early development. These coins remain unspent, symbolizing the decentralized ethos of the cryptocurrency.
- Satoshi mined nearly 22,000 blocks between 2009 and 2010
- Each block rewarded 50 BTC, resulting in approximately 1.1 million BTC
- At today’s price of $100,000 per BTC, these holdings are worth over $110 billion
- Some researchers estimate the actual holdings could range between 600,000 BTC and 1.5 million BTC
The analysis of Satoshi’s holdings is based on a distinct “Patoshi Pattern” in early Bitcoin mining activity. This pattern avoided mining consecutive blocks, ensuring network decentralization during its infancy. Despite Bitcoin’s meteoric rise in value, none of Satoshi’s coins have moved, fueling speculation about the founder’s identity and current status.
Read more: Who Is Satoshi Nakamoto, the Inventor of Bitcoin?
DeFi lending on Liquidium hits 4-month high as Bitcoin soars past $100K
Source: https://liquidium.fi/
Liquidium’s decentralized lending platform recorded 21 BTC in loans on December 5, marking its highest single-day activity in four months. This surge coincides with Bitcoin’s record-breaking price of over $100,000. Liquidium continues to dominate the Bitcoin-based DeFi space with innovative features and high collateral usage.
- Runes-backed loans accounted for 57% of daily activity, contributing 12 BTC
- Ordinals-backed loans made up 43% of the volume, contributing 9 BTC
- The platform has processed over 63,000 loans since its inception
- These loans have a cumulative value of 3,378 BTC, worth over $337 million at current prices
- Runes serve as collateral for over 50 % of all loans on Liquidium
Liquidium uses Discreet Log Contracts to ensure secure and transparent lending. The platform allows users to borrow Bitcoin against a variety of assets, including Runes, Ordinals, BRC-20 tokens, and Inscriptions. The native LIQUIDIUM token has risen 25 % in value over the past week, reflecting increased user activity.
Planned upgrades include an instant loan feature that removes lender countersignatures, simplifying access to funds. The Custom Loan V2 update will introduce a gallery-like interface, empowering borrowers and lenders to create and customize loan offers. These advancements aim to increase Liquidium’s user base and daily loan volume.
Conclusion
Bitcoin’s surge past $100,000 has ignited a series of significant achievements in the crypto world. Liquidium’s lending volume hit a four-month high of 21 BTC in one day, bolstered by innovative features and rising user adoption. El Salvador’s Bitcoin portfolio has grown by over $333 million in unrealized gains, showcasing the nation’s strategic foresight. U.S. Bitcoin ETFs have surpassed Satoshi Nakamoto’s estimated 1.1 million BTC holdings, reflecting the increasing role of institutional investors in the ecosystem. These milestones highlight Bitcoin’s transformative power and its pivotal role in reshaping the global financial landscape.
