<p><strong>More than 6 million bitcoin — 31.2% of the entire circulating supply — now sit behind exposed public keys visible directly on the blockchain</strong>, according to new data from on-chain analytics firm Glassnode. The finding lands just a day after Ethereum researcher Justin Drake urged the crypto industry to prepare for "bunker mode," warning that artificial intelligence could crack wallet cryptography far sooner than most expect.</p><h2>What the New Glassnode Data Shows</h2><p>Glassn
Bitcoin's key moving averages are converging into their first fully bullish setup since June 2025, reinforcing a three-month recovery that has carried the token more than 40% higher even as this week's rally stalled just below $87,000.
Bitcoin is on pace for a rare positive September following a 25% August gain, a combination that would break a pattern holding since 2013, even as Treasury yields climb to multi-year highs.
Bitcoin ETFs have erased a $5.8 billion deficit and turned positive for 2026, with nearly $800 million in net inflows after six straight days of buying.
While some analysts remain bullish on Bitcoin's long-term trajectory, industry figures are questioning the feasibility of a $1 million price target by 2030.
Michael Saylor’s reduced public focus on Bitcoin has triggered market apathy, signaling a shift in investor sentiment as the asset struggles for momentum.
