A proposal to freeze 5.6 million dormant Bitcoin addresses is fueling discussions about quantum computing threats and potential supply impacts. A related prediction market shows zero probability of Bitcoin falling below $68,000 by April 24, indicating a lack of trader concern.
This proposal, if implemented, would significantly reduce Bitcoin's circulating supply, potentially leading to market liquidity issues and price adjustments. Traders appear to dismiss the likelihood of the proposal's adoption or its capacity to trigger a substantial price drop.
Key developments to monitor include the BIP-361 proposal's progress among Bitcoin Core developers. Any commentary from financial leaders on quantum risks or Bitcoin's supply dynamics could influence institutional sentiment. Attention should also be paid to any significant order activity on the prediction market, given its low liquidity.