US institutional investors demonstrate sustained bullishness on Bitcoin, as seen by a higher annualized basis on CME futures compared to offshore options markets where interest declines. The drop in Bitcoin prices to $60,000 is not supported by evidence linking it to quantum computing threats, as stocks related to quantum computing move in tandem with Bitcoin rather than inversely. These market dynamics indicate a broader decline in risk appetite affecting growth assets, with quantum computing fears likely driven by market hype rather than fundamental threats.

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