Whale Accumulation and ETF Inflows Soar Amid Coldcard Hack Concerns

Bitcoin whales have been accumulating large amounts of BTC in recent days, with over $1.2 billion added since July 29.

This surge in whale activity coincides with a significant increase in US spot Bitcoin ETF inflows, which reached $754.69 million this week.

The Coldcard wallet hack that began on July 30 has raised concerns about the security of self-custody and may have contributed to the shift towards regulated ETF products.