Wu Blockchain (@WuBlockchain): Dormant BTC Movement Hit 200 Times the Coldcard Theft, With Little Sent to Exchanges
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Dormant BTC Movement Hit 200 Times the Coldcard Theft, With Little Sent to Exchanges Glassnode said Bitcoin remained range-bound at historically low volatility even as global equities and gold reached record highs. After a Coldcard wallet vulnerability led to the theft of roughly 594 BTC, about 119,000 BTC dormant for more than a year moved within three days, but only around 10% reached exchanges, suggesting wallet migration rather than broad selling. U.S. spot Bitcoin ETFs shed approximately 65,800 BTC in June, while upside implied volatility fell to a record low near 23%.