Bitcoin Bullish Sentiment Plummets After $70M Hardware Wallet Hack

Bitcoin's bullish sentiment has plummeted to an all-time low following a $70 million exploit of the Coldcard hardware wallet. The security breach has sparked widespread fear among investors, with bearish comments outnumbering bullish ones by nearly three to one.

The incident has raised serious doubts about the safety of hardware wallets, which were previously considered the safest way to protect Bitcoin holdings.

This shift in sentiment surpasses fears seen during previous geopolitical tensions and major crypto events, highlighting deep concerns about security within the crypto community.