Back on October 31, 2008, a simple email containing a nine-page PDF titled *Bitcoin: A Peer-to-Peer Electronic Cash System* was sent to a small cryptography mailing list. The author, Satoshi Nakamoto—a pseudonym—introduced a revolutionary way to send value without relying on banks.
Since that initial upload, Bitcoin has grown into a $2.4 trillion digital market. Financial terminology is now commonplace, used by exchanges, ETFs, and even entire nations embracing this new form of currency.
Interestingly, the founder’s coins remain untouched. Approximately 1.096 million BTC—worth around $120 billion—have been dormant since 2010. Over the past 24 hours, the value of these coins decreased by about $5 billion following a minor market dip, highlighting the immense size of this still-inactive fortune.
### $13.4 Billion in BTC and ETH Options to Expire on Halloween
Halloween has taken on a new meaning for the Bitcoin community. Rather than costumes and candy, traders mark this day for its significance in crypto history—the birth of the code that started it all.
This year, the Bitcoin anniversary coincides with a major market event: $13.4 billion in BTC options and $2.5 billion in ETH contracts are set to expire by midnight on October 31. This convergence is expected to create a liquidity storm, with key strike prices around $113,000 for Bitcoin and $4,100 for Ethereum.
Currently, Bitcoin is trading near $110,250, just below its week-long high. Derivatives desks are paying close attention as the market opens in November, preparing for potential volatility and new trends ahead.
https://u.today/satoshis-120-billion-fortune-drops-5-billion-as-bitcoin-whitepaper-turns-17