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The wallet address of Satoshi Nakamoto, which holds approximately 1.096 million Bitcoins, has not been moved for over 16 years. There are several possibilities, and the specific analysis is as follows:
1. Satoshi Nakamoto is no longer in the world or has lost the private key: If Satoshi Nakamoto has passed away and the private key has not been obtained by others, or if he accidentally lost the private key, then these Bitcoins will remain in a frozen state forever and cannot be moved.
2. To avoid being tracked and market impact: The identity of Satoshi Nakamoto has always been a mystery. Once he uses these Bitcoins, blockchain analysts around the world may instantly locate him, which could also trigger a sharp decline in Bitcoin prices and lead to inquiries from global regulatory agencies regarding related tax issues.
3. Adherence to the concept of decentralization: Before Satoshi Nakamoto suddenly "disappeared" in 2011, he stated that he had handed over the responsibility to Gavin Andresen and would no longer participate in the project. Some believe that he created Bitcoin to disrupt centralized finance, and this wealth is more like a "decentralization totem" he left for the world, so he doesn't care about money at all and will not touch these Bitcoins.
4. There are other wallets and financial freedom has been achieved: Blockchain experts believe that in the early stages of Bitcoin, Satoshi Nakamoto may have used over 20,000 different wallet addresses to manage his Bitcoins. It is possible that he has achieved financial freedom through other wallets, so there is no need to touch the coins in this main wallet.