#预测市场 Seeing Pantera's forecast report, the concern about quantum panic is worth paying close attention to. Although Jay Yu emphasizes that the technology has not yet posed an actual threat, discussions at the institutional level have already started to heat up, which itself is a signal.

From an on-chain data perspective, recent large BTC transfers to cold wallets have indeed increased, especially with more cautious movements from institutional addresses. This is not necessarily panic selling; rather, it reflects more risk hedging—institutions are re-evaluating the safety of their holdings.

The divergence in prediction markets also reflects a similar logic. Financial-oriented prediction markets will absorb more risk-averse capital inflows, while cultural-oriented markets are relatively independent. If quantum panic continues to ferment, capital flows will more clearly tilt toward financial DeFi products.

In the short term, this is a variable in market sentiment that requires ongoing monitoring of specific institutional wallet actions—especially whether BTC is flowing to exchanges or storage addresses, and changes in stablecoin allocations. These data points can more accurately reflect true risk pricing.