Glassnode Maps $500B Bitcoin Quantum Threat as CZ Flags Asia Accumulation

On May 22 Glassnode published its final mapping confirming 6.04 million BTC (30.2% of supply) remain quantum-exposed, with $469–500 billion at theoretical risk. The three-day coverage traced the exposure split into 1.92 million BTC of structural legacy risk and 4.12 million BTC of operational risk driven by address reuse, concentrated at exchanges where Coinbase shows ~5% exposure versus Binance at ~85%. The story also captured a 500 BTC dormant-wallet activation and CZ’s comments on quiet national accumulation in Asia, underscoring that mitigation via BIP-360 and improved custody hygiene is already underway without immediate price pressure.