Dormant BTC Movement Hit 200 Times the Coldcard Theft, With Little Sent to Exchanges Glassnode said Bitcoin remained range-bound at historically low volatility even as global equities and gold reached record highs. After a Coldcard wallet vulnerability led to the theft of

What happened

Glassnode reported that the amount of Bitcoin moving after being dormant was about 200 times larger than the amount stolen in a Coldcard wallet hack, and only a small portion of that Bitcoin was transferred to exchanges, while Bitcoin’s price stayed within a narrow range with very low volatility.

Confirmed

Global impact / market context

The tiny flow to exchanges suggests that most holders are not trying to sell, which supports Bitcoin’s price stability despite record highs in stocks and gold; low volatility can keep investor confidence and reduce short‑term trading pressure.

Analyst inference

While Bitcoin stayed range‑bound, global equity markets and gold both hit new highs, indicating that investors are finding safety in traditional assets even as crypto remains calm and less volatile.

Analyst inference

What to watch

1. If larger amounts of dormant Bitcoin start moving to exchanges, it could signal upcoming selling pressure and affect price stability. Analyst inference
2. Further reports on Coldcard wallet security may influence confidence in hardware wallets and affect how users store Bitcoin. Analyst inference
3. Changes in global equity or gold market trends could shift investor appetite between traditional assets and Bitcoin, altering flow patterns. Analyst inference

Affected assets

• BTC — Bitcoin

Evidence

• x.com