Jan 22, 2026
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Bitcoin’s Price Drop Linked to Market Dynamics, Not Just Quantum Fears
- Bitcoin recently dropped to $87,895, with quantum computing being speculated as a potential threat causing its decline.
- Nic Carter highlighted concerns about quantum computing's impact on Bitcoin, influencing some investors like Wall Street strategist Christopher Wood to reduce Bitcoin allocations.
- Vijay Boyapati argues that price stalling and whale activity are more significant factors than quantum fears. He suggests that large supply releases at key price levels contribute to market corrections.
- James Check agrees that while quantum risks exist, they don't fully explain Bitcoin's underperformance compared to gold. He attributes the trend to sovereigns buying gold over treasuries.
- Market analysis indicates that Bitcoin's recent drop involved leveraged long traders, with an estimated $260 million in exposure wiped out.
- The technical structure resembles a bear flag, with limited bid support between $70,000 and $81,000.
- At present, BTC is trading at $88,890.
