Coldcard Crisis and Yen Risks Shake Bitcoin (BTC) Price Outlook

TLDR

• A dormant Bitcoin wallet moved 500 BTC worth about $31.3 million after more than 12 years.
• The transfer occurred during the Coldcard security crisis, raising speculation about precautionary wallet migrations.
• Researchers estimated that attackers drained about $130 million from wallets linked to the Coldcard flaw.
• CryptoQuant recorded increased movement among coins held inactive for five years or longer.
• Bitcoin has closed August lower in nine of the past 13 completed years.

Bitcoin (BTC) price faces uncertainty after a long-dormant wallet moved 500 BTC during the Coldcard security crisis. The transfer, worth about $31.3 million, came as older coins became active.

The timing drew attention because attackers drained funds from wallets linked to a Coldcard flaw. Traders are watching weak August seasonality and yen intervention pressure.

Dormant Bitcoin Moves During Coldcard Crisis

The wallet known as 18TExP moved all 500 BTC after remaining inactive since 2013. Whale Alert flagged the transfer, while Lookonchain said the owner may have moved funds for security reasons.

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