🚨 Another reason Bitcoin keeps sliding.

Since late 2025, Bitcoin has been lagging behind most major assets. A big part of the fear right now is around quantum computing and “lost” coins.

Around 3.5–4 million $BTC from the early days are believed to be lost or permanently dormant. That’s close to 18% of the total supply. The market has always treated those coins as gone forever.

But now people are asking: what if they’re not?

As quantum computing advances, older wallets especially ones with exposed public keys are being discussed as a long-term risk. If even a small portion of those dormant coins were ever accessed again, that would increase future supply.

And markets price expectations, not just reality.

Since 2020, institutions, ETFs, and companies have accumulated roughly 2.5–3 million BTC. That’s almost the same size as the “lost” supply people assume is gone.

So if investors start believing some of those 3–4 million BTC could re-enter circulation one day, they begin pricing that extra supply now. That creates pressure.

But here’s the other side.

On-chain data shows 13–14 million #BTC have already moved in this cycle the biggest redistribution ever. Despite that huge sell-side liquidity, we didn’t see a structural collapse.

That suggests the market has already absorbed massive supply before.

Also, quantum risk doesn’t apply to the whole network. It mainly affects very old wallets with exposed keys. Bitcoin isn’t frozen in time. Security improves. Wallet standards evolve. Quantum-resistant upgrades are already being researched.

Right now, the market is stuck between two stories:

• A future supply shock that might never happen

• A network that keeps getting stronger over time

That tension could be one reason Bitcoin has underperformed lately even with strong institutional demand and global liquidity still supportive.