Coldcard Scam Sparks Historic Low in Bitcoin Bullish Sentiment

A massive security breach involving a widely trusted hardware wallet called Coldcard has shaken investor confidence in Bitcoin, causing a significant drop in bullish sentiment.

The attack, which exploited $70 million worth of funds from unsuspecting investors, has raised major safety concerns among crypto holders. According to data from Santiment, every bullish comment about Bitcoin is now met with up to 1.72 bearish comments, resulting in a bleak ratio of 0.58.

This marks the lowest level of bullish sentiment recorded by Santiment since it began tracking conversations across social media platforms, including X, Reddit, and Telegram.