210,000 BTC were withdrawn from old wallets in 7 days: the fear of Coldcard is felt
Coldcard’s debacle already leaves a visible mark on the blockchain: 210,000 BTC left long-term wallets in a week, according to Glassnode via CoinDesk (Aug 7). This is the largest outflow since December 2024.
It’s not selling: $BTC is trading 50% below its all-time high. It’s custody migration. Thousands of users move wallets after the hack, which has now affected 2,600 stolen addresses.
Did self-custody die or is it just reinventing itself? 👇
#Bitcoin #Security
Coldcard’s debacle already leaves a visible mark on the blockchain: 210,000 BTC left long-term wallets in a week, according to Glassnode via CoinDesk (Aug 7). This is the largest outflow since December 2024.
It’s not selling: $BTC is trading 50% below its all-time high. It’s custody migration. Thousands of users move wallets after the hack, which has now affected 2,600 stolen addresses.
Did self-custody die or is it just reinventing itself? 👇
#Bitcoin #Security