Coldcard fallout shows up onchain as 210,000 bitcoin leaves old wallets
Roughly 200,000 bitcoin have moved from long-term holder wallets in the past week, suggesting a possible shift in custody rather than conventional selling
AI Summary
Approximately 210,000 bitcoin has moved from long-term holder wallets in the past week, the largest decline since December 2024. The movement is linked to the Coldcard security incident and appears to be a shift in custody rather than conventional selling, as Bitcoin remains nearly 50% below its record high. Long-term holder supply fell from nearly 15 million to about 14.7 million BTC.