"Not Even Satoshi Can Stop It"...Bitcoin Unaffected by 1.71 Million Supply 'Bomb'

▲ Bitcoin (BTC)

An analysis suggests that Bitcoin (BTC) is evolving into a structure capable of absorbing even super-large variables like the founder's supply, thereby proving its market maturity.

According to the cryptocurrency media outlet 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 be a threat significant enough to shake the entire system. Although recent advancements in quantum computing raised market anxiety about the potential movement of early-security-structured holdings, the current depth of the Bitcoin market is deemed sufficient to absorb such an influx.

Check analyzed that current market liquidity has expanded incomparably to the past. He explained that this volume corresponds to about 60 to 90 days of typical selling activity that occurs at the end of a bull or bear market, suggesting that while short-term shocks are possible, the likelihood of a system collapse is limited. In fact, the volume traded between $60,000 and $80,000 since February 2026 has exceeded 2.3 million BTC. This is approximately 1.36 times larger than Satoshi's estimated holdings, supporting the market's absorption capacity.

Technical countermeasures are also being implemented. Discussions are underway for institutional reforms, such as the CLARITY Act for the U.S. cryptocurrency market structure, along with technical upgrades to strengthen network security. In particular, the Hourglass-style Bitcoin Improvement Proposal (BIP-360) is designed to limit large-scale simultaneous movement of early holdings and gradually release them into the market over approximately 264 days. The core objective is to secure time for the network to transition to a quantum-resistant structure.

On-chain metrics also support market stability. Santiment data shows that the proportion of long-term holders remains high. Check assessed that institutional capital inflows, particularly through 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 resilience.

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