Dormant Bitcoin holders moving large sums to exchanges raises concerns amid growing quantum computing fears. Bitcoin struggles to maintain above $106,000, while gold trades 4% below its record. US Dollar Index strengthens, impacting Bitcoin’s price inversely. Companies like MSTR and MTPLF shift Bitcoin reserve strategies as market downturn removes share issuance incentive. Long-term Bitcoin holders, including an arbitrage trader from Mt. Gox era, sell off, raising concerns about long-term confidence. Zcash and Decred surge, while Bitcoin ETF inflows fail to boost sentiment, keeping BTC below $106,000.

Read more at CoinTelegraph: Bitcoin Gains Capped As Supports Turn Into Resistance