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Glassnode research shows that 6.04 million BTC (approximately $469 billion) are publicly exposed on the blockchain, accounting for 30.2% of the total supply issued, potentially facing future risks from quantum computing attacks; the remaining 13.99 million BTC do not show public key exposure. Glassnode states that exposed supply is divided into structural exposure and operational exposure, with 1.92 million BTC, or 9.6%, being structurally exposed; operational exposure accounts for 4.12 million BTC, or 20.6%, mainly due to address reuse. Exchanges account for a significant portion of operational exposure, with related BTC totaling 1.66 million, or 8.3% of the total supply, roughly 40% of all operationally insecure BTC. Glassnode notes that these results should not be interpreted as risk rankings or solvency signals for specific companies. (Decrypt)