📰 Glassnode warning: Why is 31.2% of Bitcoin suddenly exposed to on-chain risks?
According to the latest data from Glassnode, 6.26 million BTC (31.2% of the supply) are currently held in addresses whose public keys have been revealed. This share is rising rapidly, just as the market is buzzing about vulnerabilities in AI cryptography. These exposed BTC could be at risk of hackers exploiting the revealed private keys, posing a major threat to holders.
Why does this news matter?
It highlights a fundamental conflict in how Bitcoin is stored: addresses that used simple public keys in Bitcoin’s early days cannot be upgraded due to technical limitations, and have now become targets for hackers to scan. The data shows that nearly 70% of the 6.26 million BTC come from wallets created before 2017, when people underestimated the complexity of key management. As AI crawler technology matures, the risk posed by these “exposed assets” is shifting from theoretical to real.
Impact on the market
In the short term, this exposure could heighten expectations of selling pressure from whale addresses. In the long term, however, it means Bitcoin’s custody landscape is undergoing a natural selection process, as addresses using outdated technology are phased out. Historical data shows that whenever BTC’s price exceeds $109.79K, similar exposure events spark discussion, but none have ultimately led to systemic risk. This time is different because the widespread availability of AI attack tools makes the risk feel real.
Trading outlook
I believe $82,676 is a key support level. If a large-scale movement of these exposed BTC occurs over the next two weeks (for example, if more than 5% are transferred within 24 hours), the price could fall toward $109.79K. But if the number of active Bitcoin addresses continues to grow, that would suggest users are replacing old wallets with new ones, and the market may absorb this risk. This outlook would no longer apply if regulators begin requiring exchanges to step up monitoring of old addresses.
This article is not sponsored by any project, and the author does not hold any of the assets mentioned.
$BTC $ETH #BTC #ETH
⚠️ This is not investment advice. Forecasts are for reference only.
According to the latest data from Glassnode, 6.26 million BTC (31.2% of the supply) are currently held in addresses whose public keys have been revealed. This share is rising rapidly, just as the market is buzzing about vulnerabilities in AI cryptography. These exposed BTC could be at risk of hackers exploiting the revealed private keys, posing a major threat to holders.
Why does this news matter?
It highlights a fundamental conflict in how Bitcoin is stored: addresses that used simple public keys in Bitcoin’s early days cannot be upgraded due to technical limitations, and have now become targets for hackers to scan. The data shows that nearly 70% of the 6.26 million BTC come from wallets created before 2017, when people underestimated the complexity of key management. As AI crawler technology matures, the risk posed by these “exposed assets” is shifting from theoretical to real.
Impact on the market
In the short term, this exposure could heighten expectations of selling pressure from whale addresses. In the long term, however, it means Bitcoin’s custody landscape is undergoing a natural selection process, as addresses using outdated technology are phased out. Historical data shows that whenever BTC’s price exceeds $109.79K, similar exposure events spark discussion, but none have ultimately led to systemic risk. This time is different because the widespread availability of AI attack tools makes the risk feel real.
Trading outlook
I believe $82,676 is a key support level. If a large-scale movement of these exposed BTC occurs over the next two weeks (for example, if more than 5% are transferred within 24 hours), the price could fall toward $109.79K. But if the number of active Bitcoin addresses continues to grow, that would suggest users are replacing old wallets with new ones, and the market may absorb this risk. This outlook would no longer apply if regulators begin requiring exchanges to step up monitoring of old addresses.
This article is not sponsored by any project, and the author does not hold any of the assets mentioned.
$BTC $ETH #BTC #ETH
⚠️ This is not investment advice. Forecasts are for reference only.