Bitcoin: Quantum and DATs Threats Fuel 50% Drop

Bitcoin sits at $61033.18 after a -50% decline from the $118K level recorded five days from cycle peak in October 2025, with MSTR down 73% over the same span.

Charles Edwards flagged DATs and quantum computing as the core drivers behind the move and stated that neither threat has received meaningful mitigation heading into 2026.

Price action on the 4h chart shows a bearish trend structure with BTC trading beneath the EMA50 at $63389.6 and the EMA200 at $67873.57; the MACD death cross at -784.4 reinforces downside momentum while the RSI at 35.78 leaves room for further pressure toward the lower Bollinger band support at $60254.74 before any sustained rebound materializes in this crypto market crash environment.