to leave a comment.
▲ Bitcoin (BTC)
An analysis suggests that Bitcoin (BTC) is evolving into a structure capable of absorbing even a super-large variable like the founder's holdings, thereby proving its market maturity.
According to the crypto-specialized media Bitcoinist on April 24 (local time), on-chain analyst James Check diagnosed that even if approximately 1.716 million BTC, presumed to be held by Satoshi Nakamoto, were to enter the market, it would not pose a threat capable of shaking the entire system. Although market instability has been raised recently due to discussions about the possibility of movement of holdings with early security structures as quantum computing advances, the current depth of the Bitcoin market is assessed to have reached a level where it can fully absorb this.
Check analyzed that current market liquidity has expanded to an unprecedented degree compared to the past. He explained that the said volume corresponds to 60 to 90 days of typical selling activity occurring at the end of a bull or bear market, and while short-term shocks are possible, the likelihood of it leading to a system collapse is limited. In fact, since February 2026, the volume traded between $60,000 and $80,000 has exceeded 2.3 million BTC. This is approximately 1.36 times larger than the estimated Satoshi holdings, supporting the market's absorption capacity.
Technical countermeasures are also being implemented in parallel. Technical upgrades to strengthen network security are being discussed, along with institutional improvements such as the U.S. cryptocurrency market structure bill (CLARITY). In particular, the Hourglass-style Bitcoin Improvement Proposal (BIP-360) is designed to limit large-scale simultaneous movement of early holdings and release them gradually into the market over approximately 264 days. The key is to secure time for the network to transition to a quantum-resistant structure through this.
On-chain metrics also support market stability. Santiment data shows that the proportion of long-term holders remains high. Check assessed that institutional fund inflows, particularly centered around Bitcoin spot ETFs, have further strengthened market resilience. Key technical indicators such as the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) also suggest that a long-term upward trend is being maintained.
Bitcoin has moved beyond the influence of specific individuals and established itself as a global public infrastructure. The network stability maintained through repeated crises and the market's absorption capacity are considered key indicators demonstrating Bitcoin's structural robustness.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
Newsletter
Get key news delivered to your email every morning
to leave a comment.