Coldcard fallout shows up onchain as 210,000 bitcoin leaves old wallets
Roughly 200,000 bitcoin have moved from long-term holder wallets in the past week, suggesting a possible shift in custody rather than conventional selling
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Summary
- Long-term holder supply has fallen by roughly 210,000 bitcoin, from nearly 15 million BTC to approximately 14.7 million BTC.
- The movement comes with bitcoin almost 50% below its record high, unlike previous distribution waves near market peaks.
- The movement is linked to the Coldcard incident, with users transferring bitcoin to newly generated wallets or regulated custody services.
