Data: If BTC breaks through $71,895, the total liquidation strength of long positions on mainstream CEXs will reach $1.198 billion.

Analysis: Wall Street is "overpricing long BTC," and overseas investors are reducing their positions.

NYDIG Research Director Greg Cipolaro pointed out that US institutional investors are still willing to pay a premium to go long on Bitcoin, while offshore traders tend to be more conservative, indicating a difference in risk appetite. Additionally, he dismissed the notion that quantum computing poses a threat to Bitcoin, noting its positive correlation with Bitcoin prices, and emphasized the link between Google search volume and price increases.

Willy Woo: The market has pre-priced the quantum threat with 4 million sell pressure, and BTC price performance will continue to be overshadowed by gloomy conditions

Renowned analyst Willy Woo pointed out that the valuation trend of Bitcoin relative to gold has been broken, as the market is pricing in quantum computing risks in advance. It is expected that Bitcoin will be repaired through quantum resistance measures in the future, but approximately 4 million lost BTC will exert significant pressure. The market needs to consider this impact, and it is anticipated that prices will be suppressed before "Q-Day."

Is Avalanche (AVAX) About to Repeat Its 2020 Magic Against Bitcoin? This Emerging Fractal Suggest So!

Key Takeaways AVAX/BTC is flashing a rare fractal similar to its 2020 pre-bull run AVAX remains capped beneath long-term descending