Coldcard Exploit Drives Retail Bitcoin Exchange Inflows as Whales Stay Put

- Retail Bitcoin inflows surged below 1 BTC, while whale deposits stayed muted.
- Active addresses neared one million as holders moved funds after the Coldcard breach.
- Corrected firmware cannot secure exposed seeds, making wallet migration essential.
A security failure tied to older Coldcard firmware pushed thousands of Bitcoin holders to move funds, yet exchange data showed little evidence of whale selling. CryptoQuant’s spent-output bands recorded the strongest inflow growth below 1 BTC, while larger transfers remained well beneath earlier peaks.
Retail Bitcoin Inflows Rise While Whale Deposits Stay Muted
Combined inflows from the sub-0.01, 0.01–0.1, and 0.1–1 BTC bands approached 2,000 BTC during the latest surge. That total stood well above their normal daily range and marked the clearest concentration of activity after the incident.
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