Bitcoin network activity jumps as Coldcard security incident triggers $130M+ in losses

AI Market Summary

Santiment data show a sharp rise in Bitcoin network activity (712k active addresses) and large-holder transfers (61.8k $100k+ transactions) over 7 days. Flows appear driven by users repositioning after a Coldcard-related security incident that reportedly caused losses exceeding 2,055 BTC (~$130m). The combination of heightened on-chain churn and security-driven outflows can lift near-term volatility and widen risk premia across BTC-linked venues.

Impact level

● High

Affected assets

BTC/USDT+0.94%

AI Insight · BTC/USDTAI Insight

● Neutral

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Bitcoin activity accelerated over the past week, with 712,000 active addresses recorded and 61,800 whale transactions worth more than $100,000 each, according to Santiment. The spike was linked to users moving funds in response to the Coldcard security incident. Santiment estimates losses exceeding 2,055 BTC, totaling more than $130 million.

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