"2% of accounts control 95% of all #Bitcoin "
Wrong.
BTC ownership is much less concentrated than often reported – and has dispersed over time.
Meanwhile, whale supply has increased – suggesting institutional investors arriving.
Report: https://t.co/mY1DExggsQ
THREAD 👇👇👇
1/ Where is the #Bitcoin bottom?
$BTC has fallen to $62K, nearly 50% below its ATH and down 24% in a month.
Price has now worked through the upper rungs of our pricing framework, moving into the cluster of valuation levels where past cycles have found their floor.
🧵
8/ This is a prediction, and I don't know where the bottom is.
Bottoms are not known in advance – they can only be framed in zones, probabilities, and levels that tell you when the setup is changing.
All data and charts: @glassnode
1/ Where is the #Bitcoin bottom?
$BTC has fallen to $62K, nearly 50% below its ATH and down 24% in a month month.
Price has now worked through the upper rungs of our pricing framework, moving into the cluster of valuation levels where past cycles have found their floor.
🧵
And no, this is not a stance on if/when practical quantum attacks against Bitcoin become possible, nor a statement on the security or solvency of any custodian. It's purely a data lens: quantifying where public-key exposure exists today.
4.12M #BTC (20.6% of issued supply) is quantum-exposed through operational behaviour, not script design.
That makes this less of a distant protocol question, and more of a present-day challenge around wallet hygiene and address management. A large share sits with active entities like exchanges and custodians, where improved reserve practices can meaningfully reduce at-rest exposure.
Read our full analysis 👇
#Bitcoin treasury holdings of public companies increased even throughout #BTC's recent drawdown from $125k. Not seeing much of the alleged forced selling here despite some equities trading below mNAV.
https://t.co/rr6TSabAeQ
A few datapoints on the recent market move –
1/ While #Bitcoin corrected comparatively mildly, unsurprisingly, alts saw one of the sharpest daily drawdowns in years: the median return across alts was as low as –20%.
6/ Our #BTC Long/Short Bias chart, tracking the aggregate net positions of the largest BTC traders on Hyperliquid, showed a steep rise in net shorts starting in Oct 6th, well before Friday's events. While levels have since recovered, they remain deeply negative. Stay cautious.