CZ: Bitcoin Fork Proposal Targets Satoshi's 1M Coins

Binance founder CZ floated a Bitcoin fork that would freeze Satoshi's estimated 1M coins if unmoved for a year, reducing total supply to 20M BTC by permanently locking dormant addresses.

The proposal aims to neutralize future hack risks yet drew immediate pushback from analysts including André Dragosch, who called the move unnecessary protocol interference.

BTC price action at $60520.37 shows price testing upper Bollinger resistance at $61473 while the 50-EMA at $61614 acts as immediate overhead resistance and the 200-EMA at $66605 remains the dominant long-term ceiling; with RSI at 47.39 neutral and MACD registering a bullish golden cross at -443.6, a swift rejection at the band could drive a measured retracement toward the $59022 lower band before any sustained recovery attempt.