Bitcoin’s Active Addresses and Whale Transactions Get Serious Boost From Massive Coldcard FUD
BTC
📊 Bitcoin activity has jumped massively over the past week. In the past 7 days, there have been:
🏃 712K active $BTC addresses (3-month high)
🐳 61.8K whale transactions above $100K (5-month high)
🔐 Coldcard chaos is the obvious catalyst. Reports tie the late-July sweeps to weak Coldcard-generated keys, with losses estimated above 2,055 $BTC and $130M as affected users rushed to move funds, consolidate wallets, and reduce exposure.
⚖️ Near term, volatility risk stays elevated. Over the next few weeks, fear can pressure retail selling, but sustained whale accumulation and security-driven coin migration can also tighten liquid supply over the coming months if stronger holders keep absorbing the panic.