Proposal to freeze Satoshi’s Bitcoin emerges, market remains unfazed

A proposal to freeze Satoshi Nakamoto’s Bitcoin has surfaced without shaking market confidence. Bitcoin price above $62,000 on April 17 sits at 99.9% YES.

Market reaction

The proposal, led by Jameson Lopp and others, calls for freezing 1.7 million BTC held in wallets vulnerable to future quantum computing attacks. Satoshi’s estimated 1.1 million BTC falls within that scope. The April 17 market holds steady at 99.9%, showing no reaction to the proposal so far.

For April 19, Bitcoin above $60,000 trades at 99.8%. Three days remain on that contract, leaving some window for volatility. Market depth is $32,199 to move the price 5 points, indicating strong liquidity.

Why it matters

Bitcoin Improvement Proposal 361 (BIP-361) has drawn criticism for potentially violating Bitcoin’s non-coercive upgrade ethos. Freezing coins in wallets whose owners may simply have lost access, or who chose not to migrate, would be unprecedented. Traders appear to treat the proposal as theoretical rather than imminent, given the near-zero price impact so far.

What to watch

A YES share at 99.9¢ pays $1 if the price holds, a 1.01x return. The risk is whether BIP-361 gains enough community support to shift sentiment. Public responses from figures like Michael Saylor or Changpeng Zhao could move the conversation quickly in either direction.

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