On-chain Data: Coldcard Crisis Leads to Doubling of Bitcoin's 'Active Supply' in Just One Week
A crisis involving Coldcard hardware wallets has triggered a sharp spike in Bitcoin's on-chain activity. According to a K33 Research report, approximately 890,000 BTC changed hands in one week, marking the highest seven-day active supply level recorded in 2026. This near-doubling of "hot supply" from ~403,102 BTC on July 28 to ~797,408 BTC by August 4 was likely driven by coordinated attacks exploiting a Coldcard firmware vulnerability from March 2021, which allowed hackers to steal an estimated 1,600 to 2,000 BTC.
Despite this surge in coin movement, Bitcoin's price remained unusually stable, trading within its narrowest 30-day range since 2023. The data indicates the activity was not driven by enthusiastic buying but by emergency wallet migrations, theft-related outflows, and holders repositioning assets, including a net inflow of 22,052 BTC to exchanges post-attack.
Network transaction volume remained elevated over two weeks, averaging ~662,577 daily, with a record 898,862 transactions on July 19. Furthermore, data shows 39 long-dormant wallets (from 2010-2017) moved ~1,486 BTC (~$95M) during the incident period, adding to the broader picture of significant holder redistribution and stress beneath the market's calm price surface.
cryptonews.ru08/05 18:51