More than 6.04 million $BTC are exposing their public keys on-chain as the price has just fallen 3.02% to $83,694.6 — could this be an excuse for whales to shake out their positions?
Europol warns that 30.2% of Bitcoin’s supply is at risk from quantum computing unless it is migrated before 2029, with long-term storage wallets being the weakest link. Even so, Europol says the network won’t collapse because its hash functions remain secure. It’s a long-term concern — but the short-term sell-off is happening right now.
The price is being squeezed near $83,694.6. I don’t catch falling knives — a breakdown here could easily wipe out Long positions before they have a chance to cut losses. I’ll wait for a breakout with volume confirmation back into this range before considering an entry, not a moment sooner.
Are you holding a position $BTC yet, or are you also staying on the sidelines? Click $BTC below to check out the candlesticks! 👇
#Bitcoin #BTC #Crypto
Europol warns that 30.2% of Bitcoin’s supply is at risk from quantum computing unless it is migrated before 2029, with long-term storage wallets being the weakest link. Even so, Europol says the network won’t collapse because its hash functions remain secure. It’s a long-term concern — but the short-term sell-off is happening right now.
The price is being squeezed near $83,694.6. I don’t catch falling knives — a breakdown here could easily wipe out Long positions before they have a chance to cut losses. I’ll wait for a breakout with volume confirmation back into this range before considering an entry, not a moment sooner.
Are you holding a position $BTC yet, or are you also staying on the sidelines? Click $BTC below to check out the candlesticks! 👇
#Bitcoin #BTC #Crypto