Wu Blockchain (@WuBlockchain): Coldcard Incident Triggers Large-Scale Bitcoin Migration, Small Transfers Hit Highest Level Since FTX Collapse

Coldcard Incident Triggers Large-Scale Bitcoin Migration, Small Transfers Hit Highest Level Since FTX Collapse According to CryptoQuant, Bitcoin holders moved funds on a large scale following the Coldcard security incident. On July 31, daily active Bitcoin addresses surged from roughly 645,000 to nearly 1 million, while transfers of less than 1 BTC reached about 39,600 BTC, the highest level since the collapse of FTX. Exchange deposits from small holders rose to their highest level since early February, alongside sharp increases in long-term holder spending and pending mempool transactions. CryptoQuant said the activity reflected security-driven asset repositioning, but cautioned that transfers to exchanges do not necessarily indicate selling.