Analysis: Bitcoin's' quantum threat 'controllable, potential $145 billion selling pressure or non systematic risk Odaily Daily News: The discussion on the potential threat of quantum computing to Bitcoin's security has once again heated up. Analyst James Check pointed out that although quantum computing can theoretically crack elliptic curve signatures, its impact on the market may be overestimated. Data shows that about 1.7 million BTC (approximately $145 billion) are stored in early "Satoshi era" addresses, and if the private key is cracked, it may create potential selling pressure. But from the perspective of market liquidity, this scale is not unbearable: in bull markets, long-term holders typically sell between 10000 and 30000 BTC per day, which means that the above scale is equivalent to 2 to 3 months of regular profit taking. In addition, the average monthly inflow of BTC into the exchange is about 850000, and the nominal trading scale of the derivatives market can cover this volume in just a few days. Historical data shows that in the recent bear market, over 2.3 million BTC were sold in a single quarter, far exceeding the potential "quantum risk" scale, but did not trigger a systemic collapse. Analysis suggests that even if there is a concentrated release, it is more likely to bring temporary fluctuations rather than structural shocks. Meanwhile, entities with the ability to acquire relevant assets are more likely to adopt batch sales and hedging strategies to reduce market shocks. Overall, the core issue of the 'quantum threat' may not lie in the selling pressure itself, but in the governance response, such as whether to restrict the flow of relevant address assets through protocol upgrades.