Key Takeaways Galaxy analyst says bitcoin whales have not linked selling activity to quantum risks. Institutional investors have considered quantum fears when deciding whether to buy bitcoin. Old bitcoin supply movement surged before the “great distribution” largely came to an end. Quantum Fears Appear to Be Influencing Buyers, Not Bitcoin Sellers Bitcoin’s largest holders have not attributed selling activity to quantum computing risks, according to Alex Thorn, managing director and head of firmwide research at Galaxy Digital, separating the technology debate from recent whale activity. On July 15, he wrote on X: “We work with a lot of whales and …


