Quantum computing risk to Bitcoin is seen as low in the near term, easing security concerns.
Bitcoin price is reacting to open interest trends amid a sharp drop, drawing fresh debate about where the market may head next.
Traders are closing leveraged positions while long-term holders watch closely. At the same time, strong opinions from public figures and fresh talk about quantum risks are shaping how investors read this moment.
Based on the latest update, the recent fall in Bitcoin open interest has become one of the main signals traders are studying. Open interest tracks the number of futures contracts that remain active, so a sharp decline usually indicates that positions are being closed rather than opened.
In this case, the drop of about 55% pushed levels down to a point last seen almost two years ago. Many traders view falling open interest as a sign that leverage is leaving the market. When too many traders rely on borrowed money, Bitcoin price swings can become violent.
As positions unwind, forced liquidations slow, and the market often moves into a calmer phase. Some market watchers say this type of reset clears the path for healthier price movement because weaker hands exit first.
However, not everyone reads the signal in a positive way. Lower open interest can also reflect hesitation. If traders are unsure about the short-term direction, they may reduce exposure until clearer trends appear.
This can lead to slower trading and sideways price action rather than an immediate rally.
Market history shows both outcomes are possible. In earlier cycles, large drops in leverage sometimes came before strong rebounds. In other cases, prices drifted for weeks as participants waited for new reasons to return. For now, the focus remains on whether spot buyers step in as derivatives activity shrinks.
Another point often raised is that the structure of the market changes when open interest falls. Instead of short-term bets dominating Bitcoin price moves, longer-term holders can gain more influence. That shift may reduce sudden spikes but also means rallies take longer to build.
Traders watching funding rates and volume levels are trying to judge whether the current decline signals fear or simply a cooling period after heavy speculation.
Author and investor Robert Kiyosaki added fuel to the discussion by warning that a large stock market crash could be approaching. He repeated earlier views from his past writings, saying that downturns can create rare chances to buy assets at lower prices.
According to his public statement, he holds real gold, silver, Ethereum, and Bitcoin, and plans to keep buying during price drops.
His comments reflect a long-held belief that crises reward those who prepare early. He also mentioned that he will continue to remain bullish on Bitcoin and acquire more as the price falls.
Supporters argue that market crashes have often allowed investors to accumulate valuable assets at discounts. Others remain cautious, noting that predictions of major crashes often appear and are difficult to time with precision.
Still, his stance resonates with many crypto investors who see limited supply as a core strength. The fixed cap of 21 million coins continues to shape bullish thinking, especially during periods when prices fall, and sentiment weakens.
Security fears tied to quantum computing returned to the spotlight after an online exchange involving Elon Musk and the Grok chatbot. The response suggested that the chance of quantum computers cracking the SHA-256 hashing method within five years is close to zero. It could remain under 10% by 2035.
The reasoning points to technical limits. Current quantum machines remain small and prone to errors, far from the scale required to break modern cryptography.
Market participants often say millions of stable qubits would be needed, while present systems operate with far fewer. For many investors, this view reduces a long-standing worry that future technology could threaten blockchain security.
Notably, while research continues and no outcome is certain, the consensus among specialists is that any real risk remains distant. As of this current development, Bitcoin price was trading at $67,972.05, down by 1.48% in the past 24 hours.
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