Glassnode said in a post on X that Bitcoin on-chain activity shifted after the Coldcard hacking incident, with eight tracked indicators rising clearly above their two-year medians. The data, according to the analytics firm, suggests holders are moving coins into new wallets rather than sending them to exchanges. That distinction matters because the observed flows point to wallet migration instead of exchange deposits. The update was published through Glassnode’s official X account and focused on how holder behavior changed on-chain following the incident.
Glassnode said in a post on X that eight Bitcoin on-chain indicators moved significantly above their two-year medians after the Coldcard hacking incident.
According to the firm, the data shows holders are moving coins to new wallets rather than transferring them to exchanges.
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