{"id":76410,"date":"2026-08-05T14:18:12","date_gmt":"2026-08-05T14:18:12","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/coldcard-crisis-doubles-bitcoins-hot-supply-in-just-one-week-bitcoin-news\/"},"modified":"2026-08-05T14:18:12","modified_gmt":"2026-08-05T14:18:12","slug":"coldcard-crisis-doubles-bitcoins-hot-supply-in-just-one-week-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/coldcard-crisis-doubles-bitcoins-hot-supply-in-just-one-week-bitcoin-news\/","title":{"rendered":"Coldcard Crisis Doubles Bitcoin\u2019s Hot Supply in Just One Week \u2013 Bitcoin News"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">K33 found 890,000 BTC moved as the Coldcard exploit hit about 7,300 addresses.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Newhedge.io recorded a 98% hot-supply jump while bitcoin\u2019s price fell about 0.5%.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Timechainindex.com said exchanges gained 22,052 BTC as holders await the next sweep.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Coldcard Panic Breaks Through a Quiet Market<\/h2>\n<p>In a recent research report called \u201c<a href=\"https:\/\/k33.com\/research\/articles\/textbook-summer-doldrums\" target=\"_blank\" rel=\"noopener noreferrer\">Textbook summer doldrums<\/a>,\u201d K33 Head of Research Vetle Lunde identified onchain transfers as the glaring exception in an otherwise sleepy summer market. Trading volumes, price swings, open interest and exchange-traded fund (ETF) flows remained subdued, but roughly 890,000 BTC changed hands over seven days, the highest seven-day active supply recorded in 2026.<\/p>\n<p>Active supply measures how much bitcoin has moved within a particular period, making it a useful gauge of how many coins are suddenly back in motion. Lunde explained that the acceleration was \u201cvery likely driven by the Coldcard attacks.\u201d K33 estimated that roughly 1,596 BTC had been stolen from about 7,300 addresses when its report was prepared. The firm described the wider response as \u201cpanic visible onchain,\u201d a fitting summary for a market where the price appears calm while wallet owners scramble behind the scenes.<\/p>\n<p>In the analysis, Lunde further noted that this week\u2019s Coldcard attack was:<\/p>\n<blockquote>\n<p>The only BTC metric signaling hectic activity.<\/p>\n<\/blockquote>\n<p>The incident traces back to a firmware flaw <a href=\"https:\/\/news.bitcoin.com\/featured\/the-coldcard-exploit-explained-who-lost-bitcoin-and-whos-at-risk\/\">introduced into Coinkite\u2019s Coldcard hardware wallet<\/a>s in March 2021. The flaw could generate wallet seeds, the secret phrases controlling a user\u2019s bitcoin, with insufficient randomness. Attackers were then able to reconstruct predictable private keys offline and remotely drain single-signature addresses without physically obtaining the devices.<\/p>\n<p>Beginning July 30, coordinated sweeps removed roughly 1,600 BTC worth more than $100 million from thousands of addresses. A possible <a href=\"https:\/\/news.bitcoin.com\/security\/coldcard-hack-116-million-fourth-wave\/\">fourth wave has pushed the total near 2,000 BTC<\/a>. Coinkite released emergency firmware updates and urged exposed users to move their funds, but updating the device cannot repair a seed that was already generated with weak randomness. Affected holders need to create a secure new wallet and transfer the coins before an attacker reaches them.<\/p>\n<h2>Hot Supply Nearly Doubles Without Lifting the Price<\/h2>\n<p>Data gathered by Bitcoin.com News, from <a href=\"https:\/\/newhedge.io\" target=\"_blank\" rel=\"noopener noreferrer\">Newhedge.io\u2019s onchain analytics<\/a>, shows just how abruptly coins began moving. Bitcoin\u2019s hot supply, which measures coins active during the preceding seven days, climbed from 403,101.95 BTC on July 28 to 797,407.72 BTC on Aug. 4. The increase of approximately 394,306 BTC represented a 98% jump in one week.<\/p>\n<figure id=\"attachment_836983\" aria-describedby=\"caption-attachment-836983\" style=\"width:2025px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-836983\" class=\"wp-caption-text\">Bitcoin hot supply statistics gathered from Newhedge.io.<\/figcaption><\/figure>\n<p><a href=\"https:\/\/news.bitcoin.com\/market-updates\/btc-pushes-toward-64k-as-clarity-act-odds-slide-to-27\/\">The price told a completely different story<\/a>. Bitcoin slipped from $64K to the low $63K range over the same period, a decline of roughly 0.5%. Today, BTC is back above $64,000 and up a modest 0.5% over the last 24 hours. That disconnect suggests the added activity was not simply the result of enthusiastic buyers entering the market. It also reflected theft-related sweeps, defensive wallet migrations, internal transfers, and holders preparing coins for possible sale.<\/p>\n<p>K33 noted that bitcoin was trading within its narrowest 30-day high-to-low range since 2023, with realized volatility also sitting at low levels. Yet seven-day active supply entered the top 10% of readings measured against a rolling 365-day history. Similar bursts have appeared near both local market tops and bottoms in previous cycles, meaning the signal identifies significant stress and repositioning rather than guaranteeing a direction.<\/p>\n<p>Some of that repositioning appears to be heading toward centralized custodians. <a href=\"https:\/\/x.com\/SaniExp\/status\/2084234660414976062?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">In a post published to X<\/a>, Sani of Timechainindex.com said crypto \u201cExchanges received a net of 22,052 BTC since the Coldcard hack on Friday.\u201d Holders may be using exchanges as temporary safe havens while they replace vulnerable wallets, although large exchange inflows can also increase potential selling pressure if the coins remain on trading platforms.<\/p>\n<h2>Bitcoin Transfers Stay Elevated Across Two Weeks<\/h2>\n<p><a href=\"https:\/\/blockchair.com\/bitcoin\/charts\/transaction-count\" target=\"_blank\" rel=\"noopener noreferrer\">Blockchair.com daily transfer statistics<\/a> reviewed by Bitcoin.com News show the network processed 9.28 million transactions during the two complete weeks from July 22 through Aug. 4, averaging approximately 662,577 transactions per day. The daily average increased from 650,417 in the first week to 674,738 in the second, a 3.7% gain.<\/p>\n<figure id=\"attachment_836986\" aria-describedby=\"caption-attachment-836986\" style=\"width:2560px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-836986 size-full\" title=\"Onchain Data: Coldcard Crisis Doubles Bitcoin\u2019s Hot Supply in Just One Week\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/08\/screenshot-2026-08-05-at-9-15-40-am-scaled.png\" alt=\"Blockchair.com screenshot. \" width=\"2560\" height=\"1036\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/08\/screenshot-2026-08-05-at-9-15-40-am-300x121.png 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/08\/screenshot-2026-08-05-at-9-15-40-am-1024x414.png 1024w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/08\/screenshot-2026-08-05-at-9-15-40-am-768x311.png 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/08\/screenshot-2026-08-05-at-9-15-40-am-1536x622.png 1536w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/08\/screenshot-2026-08-05-at-9-15-40-am-2048x829.png 2048w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/08\/screenshot-2026-08-05-at-9-15-40-am-scaled.png 2560w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\"\/><figcaption id=\"caption-attachment-836986\" class=\"wp-caption-text\">Bitcoin daily transfers via blockchair.com.<\/figcaption><\/figure>\n<p>July 26 was the busiest day within that two-week period, with 758,094 transactions, followed by July 24 with 736,287 and Aug. 1 with 734,264. Daily activity remained above 600,000 transactions on 11 of the 14 days, showing sustained network use rather than one brief burst.<\/p>\n<figure id=\"attachment_836991\" aria-describedby=\"caption-attachment-836991\" style=\"width:1672px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-836991 size-full\" title=\"Onchain Data: Coldcard Crisis Doubles Bitcoin\u2019s Hot Supply in Just One Week\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/08\/c9704cb6-53a8-40d3-a6fd-36a2a96d8b80.png\" alt=\"blockchair.com screenshot\" width=\"1672\" height=\"941\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/08\/c9704cb6-53a8-40d3-a6fd-36a2a96d8b80-300x169.png 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/08\/c9704cb6-53a8-40d3-a6fd-36a2a96d8b80-1024x576.png 1024w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/08\/c9704cb6-53a8-40d3-a6fd-36a2a96d8b80-768x432.png 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/08\/c9704cb6-53a8-40d3-a6fd-36a2a96d8b80-1536x864.png 1536w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/08\/c9704cb6-53a8-40d3-a6fd-36a2a96d8b80-190x107.png 190w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/08\/c9704cb6-53a8-40d3-a6fd-36a2a96d8b80-380x214.png 380w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/08\/c9704cb6-53a8-40d3-a6fd-36a2a96d8b80-760x428.png 760w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/08\/c9704cb6-53a8-40d3-a6fd-36a2a96d8b80-1520x855.png 1520w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/08\/c9704cb6-53a8-40d3-a6fd-36a2a96d8b80-1280x720.png 1280w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/08\/c9704cb6-53a8-40d3-a6fd-36a2a96d8b80.png 1672w\" sizes=\"auto, (max-width: 1672px) 100vw, 1672px\"\/><figcaption id=\"caption-attachment-836991\" class=\"wp-caption-text\">Bitcoin\u2019s top five daily transfer days, according to blockchair.com.<\/figcaption><\/figure>\n<p>The data also shows that just before <a href=\"https:\/\/news.bitcoin.com\/crypto-news\/coldcard-hacker-gets-brazen-bitcoin-laundering-offer-onchain\/\">this past week\u2019s Coldcard exploit<\/a>, July 19 set an all-time transaction record. It\u2019s 898,862 transactions ranked third behind April 23, 2024, with 927,010, and Sept. 8, 2024, with 910,083. June 23, 2026, ranked fourth with 862,979, followed by July 21, 2024, with 859,629. Still, Bitcoin recording its third-busiest day less than two weeks before the Coldcard exploit shows that network activity was already running hot before emergency wallet migrations began.<\/p>\n<h2>Dormant Wallets Wake as Holders Reposition<\/h2>\n<p><a href=\"https:\/\/btcparser.com\" target=\"_blank\" rel=\"noopener noreferrer\">Onchain Btcparser.com data,<\/a> showcasing vintage bitcoin awakenings, examined by Bitcoin.com News, found that a total of 39 dormant addresses moved a combined 1,486.09044782 BTC, valued at over $95 million, from July 30 through the latest Aug. 5 entry. An old address created in 2010 moved 50 BTC in one transfer. Two 2011 addresses moved 125.00004374 BTC, and five 2013 addresses transferred 620.00100547 BTC, and five 2014 addresses moved 285.51923857 BTC.<\/p>\n<p>The remaining movements included 19.0395 BTC from two addresses created in 2015, 102.19357827 BTC from 10 addresses created in 2016 and 284.33708177 BTC from 14 addresses created in 2017. The 2017 group produced the most individual transfers, but 2013 wallets accounted for the most bitcoin, largely because <a href=\"https:\/\/news.bitcoin.com\/crypto-news\/2013-bitcoin-whale-wakes-moving-500-btc-as-coldcard-fear-deepens\/\">one address moved 500 BTC on Aug. 3<\/a>. The two 2011 wallets contributed slightly more than 125 BTC, while the 2014 total narrowly exceeded the amount moved by the more active 2017 group.<\/p>\n<p>Not every dormant transfer can be tied to <a href=\"https:\/\/news.bitcoin.com\/featured\/was-ai-responsible-for-finding-the-coldcard-security-flaw\/\">the Coldcard firmware exploit<\/a>, and the onchain data does not prove that each holder was responding to the attack. The timing, however, adds another layer to a broader pattern that includes stolen coins, emergency migrations, rising exchange balances, and a near-doubling of recently active supply. The next clues will come from whether the stolen bitcoin sweeps continue, whether exchange inflows reverse, and whether the jump in active supply finally breaks BTC out of its unusually tight price range.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/crypto-news\/onchain-data-coldcard-crisis-doubles-bitcoins-hot-supply-in-just-one-week\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways K33 found 890,000 BTC moved as the Coldcard exploit hit about 7,300 addresses. Newhedge.io recorded a 98% hot-supply jump while bitcoin\u2019s price fell about 0.5%. Timechainindex.com said exchanges gained 22,052 BTC as holders await the next sweep. Coldcard Panic Breaks Through a Quiet Market In a [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":76411,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76410"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=76410"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76410\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/76411"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=76410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=76410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=76410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}