Coldcard Transfers Fuel $114M Losses in Bitcoin Price Drop

The Bitcoin price has taken another hit due to the recent surge in small transfers on the Coldcard platform. According to Decrypt, losses have neared $114M as of August 3, 2026. The current price of BTC sits at $62,881.84 within a Bollinger Bands structure, with upper resistance at $63,897.83 and lower support at $62,312.36.

The bearish trend is still intact, with the price remaining below both the EMA50 ($63,704.14) and EMA200 ($63,721.11). The MACD has also confirmed a 'death cross' with a value of -279.34, indicating continued downside pressure rather than an immediate reversal.

For traders tracking BTC price prediction and crypto market crash signals, this setup suggests that the price may test the lower band before any relief is seen.