Bloomberg ETF analyst Eric Balchunas disclosed yesterday that the holdings of U.S. Bitcoin spot ETFs have surpassed the holdings of Bitcoin's inventor Satoshi Nakamoto. However, Bitwise has reminded investors that altcoins have shown signs of decoupling from Bitcoin. (Background: Why is $100,000 just the starting point for Bitcoin BTC?) (Additional context: Will Bitcoin experience a major correction after breaking $100,000? Analyst: Don't be too pessimistic, the altcoin season will be even hotter) Bloomberg ETF analyst Eric Balchunas pointed out yesterday (6) on social media platform X that the current BTC holdings in U.S. Bitcoin spot ETFs have exceeded Satoshi Nakamoto's 1.1 million coins, reaching 1,104,534 Bitcoins: The total Bitcoin holdings of U.S. Bitcoin spot ETFs have just surpassed Satoshi, currently holding over 1.1 million BTC, more than any other country or individual in the world, but it has been less than a year since launch, it is still a baby, truly astonishing. KING OF THE HILL: The US spot ETFs have just passed Satoshi in total bitcoin held, now hold more than 1.1m, more than anyone in the world, and they're not even a year old yet, literally babies still. Mind blowing. h/t @EdmondsonShaun for the data pic.twitter.com/FQBIGGz5ei — Eric Balchunas (@EricBalchunas) December 6, 2024 Additionally, according to user contributions, among the U.S. Bitcoin spot ETFs, BlackRock's IBIT has the largest holdings, reaching 521,375 coins; Grayscale follows with 251,330 coins; Fidelity's FBTC ranks third with 199,246 coins; the remaining holdings vary from several thousand to several tens of thousands of coins. Analyst: Altcoins show signs of decoupling from Bitcoin Since Trump won the U.S. election last month, Bitcoin has seen an increase of 33% in nearly a month, and officially broke the $100,000 mark on December 5, reaching a historic high of $104,056, with a market capitalization exceeding $2 trillion, surpassing Saudi Aramco, becoming the seventh largest asset in the world. However, besides Bitcoin recently achieving the $100,000 target, altcoins have also started to rise. In this regard, Bitwise's European research director André Dragosch recently stated that more and more altcoins are beginning to outperform Bitcoin: Our own altcoin season index shows that in the past month, 85% of the altcoins we track have performed better than Bitcoin. At the same time, altcoins also seem to be driven by more diverse investment narratives, and the divergence among them is becoming increasingly evident. The correlation between altcoins and Bitcoin has weakened, indicating that the potential for excess returns from altcoins may be greater than before the U.S. elections. Ethereum breaks $4,000 Although Bitcoin set a historic high of $104,056 on December 5, it faced massive selling pressure around 6:00 AM on December 6, dropping to a low of $89,711. However, at the time of writing, Bitcoin has bounced back to $99,188, a decrease of 2.11% in nearly 24 hours. Bitcoin trend. Source: OKX Spot However, it is worth noting that Ethereum, the second largest cryptocurrency and the largest altcoin, strongly stood above $4,000 last night, reporting $4,034 at the time of writing, with an increase of 3.7% in nearly 24 hours. Ethereum trend. Source: OKX Spot Related reports Bitcoin flashes crash after breaking $100,000! Multiple indicators warn of BTC correction: excessive leverage, slowdown in buying Financial Times apologizes: If negative reporting on BTC over the past 14 years caused you to miss the opportunity to buy Bitcoin, very Sorry. Wall Street Bernstein: Bitcoin will replace gold within ten years, soaring to $200,000 by the end of 2025. "U.S. Bitcoin spot ETF holdings surpass Satoshi! Bitwise: Altcoin performance decouples from BTC, Ethereum rebounds." This article was first published in BlockTempo (the most influential blockchain news media).

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