Quantum Computing Threatens Bitcoin? New Institutional Whales Emerge Amid Market Turmoil

Quantum Computing Threatens Bitcoin? New Institutional Whales Emerge Amid Market Turmoil
The debate over quantum computing s potential threat to Bitcoin s network has intensified. Recent on-chain data reveals that new institutional whales now control a larger share of Bitcoin s realized market cap, creating a significant 6 billion influence gap. Analyst Peter Brandt warns that technical indicators suggest a downside target of 58K 62K for Bitcoin. This comes amidst global market shocks triggered by President Trump s unexpected 10 tariffs on select European nations and a selloff in Japanese bonds that affected U.S. Treasuries.
The growing concern among investors about quantum computing has led some to consider exiting their Bitcoin positions. However, the editor s comment questions whether this fear is justified or merely bullish FUD fear, uncertainty, doubt .
Recent data indicates that new institutional whales are now dominating Bitcoin s realized cap, surpassing long-term OG whales. While institutions typically have longer time horizons, they are also more sensitive to market volatility. This shift could significantly alter the future price chart of Bitcoin compared to previous years.
Peter Brandt has highlighted risky chart patterns and diminishing momentum that suggest a potential new low for Bitcoin is imminent. Despite this bearish outlook, Bitcoin has a history of surprising its critics.
The global markets were rattled by Trump s tariff announcement, which he used as a tactic to create uncertainty regarding his Greenland takeover threat. This move has positioned him as a key figure in the macro world.
Additionally, a sharp selloff in Japanese government bonds has prompted coordinated interventions from U.S. and Japanese officials. As these events unfold, the crypto market is closely monitoring the situation to assess potential impacts.