Bitcoin moved from $62,778 to $63,257, a gain of $479 or roughly 0.76 percent on the day, while remaining down 3.14 percent on the week.Not noise. The Coldcard exploit triggered the largest sub-1 BTC transfer event since the FTX collapse, with 39,600 BTC moving in small transactions as smaller holders sent funds to exchanges for safety. Near-term risk is elevated: fear-driven exchange inflows increase available supply at current prices, a concrete headwind even as spot price held steady today.
Coldcard exploit losses reached roughly 1,367 BTC across 4,585 addresses per Galaxy Research, with the attack remaining active as of August 2.
CryptoQuant flagged the resulting on-chain movement as the largest sub-1 BTC transfer event since the FTX collapse in late 2022, a measurable behavioral shift in self-custody sentiment.
Strategy has gone five consecutive weeks without a disclosed Bitcoin purchase, last reported holding 843,775 BTC for $63.69 billion; Saylor publicly hinted at resumed buying with 'Bitcoin Drive engaged.'
The SEC kept Nasdaq Bitcoin options on hold while granting CME a review, introducing a jurisdictional dispute between the SEC and CFTC over Bitcoin derivatives that could delay expansion of regulated options markets.
Network hashrate held at 926 EH/s with fees at 1 sat/vB across all priority tiers, confirming no mempool congestion and network fundamentals remaining structurally intact despite the security event.
Market Snapshot
Market Cap
$1.27T
24h Volume
$16.01B
Dominance
56.3%
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