coin-img-ETHETH+1.74%coin-img-BTCBTC+0.77%coin-img-SOLSOL-0.82%coin-img-XRPXRP-1.52%coin-img-USDCUSDC+0.02%coin-img-TRXTRX-0.33%coin-img-HYPEHYPE-2.61%coin-img-BNBBNB-0.45%coin-img-ETHETH+1.74%coin-img-BTCBTC+0.77%coin-img-SOLSOL-0.82%coin-img-XRPXRP-1.52%coin-img-USDCUSDC+0.02%coin-img-TRXTRX-0.33%coin-img-HYPEHYPE-2.61%coin-img-BNBBNB-0.45%coin-img-ETHETH+1.74%coin-img-BTCBTC+0.77%coin-img-SOLSOL-0.82%coin-img-XRPXRP-1.52%coin-img-USDCUSDC+0.02%coin-img-TRXTRX-0.33%coin-img-HYPEHYPE-2.61%coin-img-BNBBNB-0.45%coin-img-ETHETH+1.74%coin-img-BTCBTC+0.77%coin-img-SOLSOL-0.82%coin-img-XRPXRP-1.52%coin-img-USDCUSDC+0.02%coin-img-TRXTRX-0.33%coin-img-HYPEHYPE-2.61%coin-img-BNBBNB-0.45%

Long-Idle Bitcoin Starts Moving, but Mostly Stays Off Exchanges

AI Market Summary
Glassnode reports ~119,000 BTC dormant for over a year moved shortly after a Coldcard wallet vulnerability disclosure, but only a small portion went to exchanges. This reduces immediate distribution risk and suggests security-driven wallet migration rather than broad selling. The episode highlights operational and custody risk as a driver of on-chain flows, potentially increasing short-term volatility around wallet security narratives.
Impact level
● Medium
Affected assets
BTC/USDT+0.69%
AI Insight · BTC/USDTAI Insight
● Neutral
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
About 119,000 BTC that had remained inactive for more than a year moved over a three-day span after a Coldcard wallet vulnerability was disclosed, according to Glassnode. The amount is roughly 200 times the 594 BTC reported stolen in the hack. Only a small share of the funds was sent to exchanges, easing concerns about a large-scale sell-off. Glassnode said the pattern suggests a security-driven migration of wallets.
Selected
BTC
BTC+0.75%
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