Glassnode: 9.6% of Bitcoin supply is structurally quantum-exposed
The breakdown flags Taproot, legacy scripts, and high exposure at several large custodians and exchanges.
The breakdown flags Taproot, legacy scripts, and high exposure at several large custodians and exchanges.
The model’s long-range upside sits alongside a bear-flag risk that could put sub-$56K in play if breakdown conditions trigger.
The leverage build comes as BTC tests a $78,000 cost-basis cluster with the 200-day moving average just over $81,000.
Oil and Treasury yields fell alongside the bounce as traders waited for the 18:00 UTC FOMC minutes.
Christoph Hock cited USDC’s $0.87 and $0.74 prints and criticized Tether’s gold-and-bitcoin reserve exposure.
The note tallies $90B+ in announced AI agreements covering 3.7 GW as post-halving economics push miners into hosting.
Order-book pressure stays seller-led with a -0.03 bid-ask ratio, while liquidation maps flag $74.7K and $70K as forced-flow zones.
Traders flagged $75,000–$76,000 as the next support zone as gold broke below $4,500.
Self-mining scaled to 11 EH/s and 1,808 BTC held, but Q2 revenue guidance points to another decline.
Launchpads took 42% of app revenue as trading apps grew 40%, RWAs topped $2B, and DeFi TVL fell with SOL’s price.
The Delaware bankruptcy complaint targets 11,994 BTC, $24.6M cash, and roughly 5M USDT moved before Prime Trust’s 2023 filing.
CryptoQuant’s bull-bear structure index slid to -23.49 as older-coin exchange inflows spiked to 10.54%.
TradingView’s cited cup-and-handle setup frames $71–$72 as a conditional 2026 target if the neckline breaks.
Oil briefly topped $112 as $677M in crypto liquidations and a drop in open interest signaled forced deleveraging.
The recurring chart post is being read as a near-term BTC buy tell as Strategy pushes a dividend-cadence amendment.
The endowment also cut its IBIT stake by 43% as ETH pulled back toward the $2,000–$1,700 support zone.
IBIT and ARKB led redemptions while CryptoQuant metrics were framed as a temporary correction signal.
ERC20 USDT led the May 14 inflow as Bitcoin kept reversing between $78,000 support and $82,000 resistance.
The project claims Taproot and threshold signatures can add programmability and optional ZK privacy without WBTC-style wrappers.
SBI and Rakuten are developing in-house products as the FSA targets 2028 to let trusts hold crypto.