Coldcard Security Incident Triggers Record Small Bitcoin Transfers

Recent events surrounding Coldcard have sparked on-chain transactions and record-breaking small Bitcoin transfers. Since the FTX collapse, this is the highest volume of small transactions seen in the cryptocurrency market.

The security incident involving Coldcard has led to a significant increase in on-chain activity, with many users transferring their assets out of the platform. This surge in transactions is particularly notable for its high volume of small transfers, which have reached a new peak since the FTX collapse.

Analysts attribute this trend to the uncertainty and distrust generated by the Coldcard security incident. As investors become increasingly cautious, they are opting for smaller transactions to avoid drawing attention to their activities.