Bitcoin Active Addresses Surge to 8-Month High After Coldcard Panic

Bitcoin (BTC) active addresses reached roughly 0.98 million a day on July 31, the highest daily count since December 2024, after attackers began sweeping wallets whose seeds were generated on defective Coldcard firmware.

Glassnode published the figure on August 6 and called the surge “fear-driven on-chain activity.” The analytics firm stated that “holders migrating seeds and moving funds to alternative custody reflects an operational security response, not a change in market conviction.” Following the Coldcard firmware exploit, the number of active Bitcoin addresses surged to 0.98M/day, the highest since December 2024.

This is fear-driven on-chain activity.

Holders migrating seeds and moving funds to alternative custody reflects an operational security response,… pic.twitter.com/BoKql7UpDH — glassnode (@glassnode) August 6, 2026 Exchange Balances Climb 22,135 BTC Coin Metrics recorded 967,546 active addresses that day, 54% above the July average of 627,061.