Bitcoin’s Most Active Day Since 2024. What Happened On-Chain During the Coldcard Panic

Bitcoin (BTC) daily active addresses jumped from 645,000 on July 30 to nearly 1 million on July 31. The reading was the highest since December 10, 2024, and the Coldcard panic, not new demand, drove it.

BTC traded at $60,347 at press time, up 1.24% in 24 hours, BeInCrypto data shows. Three on-chain charts reveal what holders actually did during a weekend of severe stress for self-custody.

Nearly 1 Million Addresses Moved, the Most Since December 2024

Glassnode data shows about 980,000 active addresses on July 31, up more than 50% in a single day. The jump came days after attackers began draining Coldcard hardware wallets through a flawed random number generator.

Three confirmed attack waves have been linked to 1,367 BTC, worth $88.6 million, stolen from 4,585 addresses. A suspected fourth wave has since swept over 380 BTC more.

The last time this many addresses moved, on December 10, 2024, bitcoin traded near $100,000 during a euphoric rally. This time, the same activity arrived with BTC around $60,000. Same metric, opposite emotion.

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