[Willy Woo: Market Pre-prices Quantum Threat with 4 Million BTC Sell Pressure, BTC Price Performance to Remain Under a Cloud] BlockBeats News, February 16 – Renowned analyst Willy Woo stated that Bitcoin's 12-year valuation trend relative to gold has recently been broken. BTC's relative valuation should have been higher, but in reality, it has not materialized, primarily due to the market's awakening to the risks posed by quantum computing, leading to pre-pricing of potential issues. Bitcoin is likely to be patched in the future with quantum-resistant signatures, but this will not solve the problem of approximately 4 million "lost" BTC (early lost private keys potentially being cracked by quantum computers) re-entering circulation. Willy Woo estimates a 75% probability that these lost Bitcoins will not be frozen through a protocol hard fork, meaning the market needs to pre-price the sell pressure of 4 million BTC. Since 2020, the total accumulation of BTC by corporations and ETFs, starting with MicroStrategy's hoarding, has only reached 2.8 million BTC. These 4 million lost tokens are equivalent to 8 years of corporate accumulation and would cause severe supply dilution. Before "Q-Day" (the day quantum computing threats materialize, estimated to be 5-15 years from now), BTC prices will continue to be affected by this looming shadow.