Bitcoin Derivatives Flash Quantum Selloff Warning, FalconX's Lim Alerts

FalconX markets co-head Joshua Lim warns Bitcoin derivatives are signaling early 'Q-Day' quantum risk, with long-dated put skew at multi-year highs and futures basis at lows. His April 16 X thread estimates 1.1-1.7 million BTC (~$127bn, or 8% of supply) in Satoshi-era wallets exposed, where burn or hard-fork decisions could spark cascading liquidations in the $1.5T market amid ETF and futures institutionalization. Coverage evolved from initial deep-dive to urgent 'first warning' alert today. BTC trades near $75,024.