CoinDesk·4 min read·hard
Coldcard fallout shows up onchain as 210,000 bitcoin leaves old wallets
J
James Van Straten
✦AI Summary
A significant amount of Bitcoin has moved out of long-term holder wallets following a security breach involving Coldcard hardware wallets. Analysts suggest this movement is a defensive migration to more secure storage rather than typical profit-taking.
According to Glassnode data , roughly 210,000 BTC have moved out of long-term holder (LTH) wallets over the past week, the largest decline since December 2024, when bitcoin approached $100,000 for the first time.
cryptotechnologyeconomy
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