Pai 🌲
Pai 🌲|Aug 01, 2026 09:40
Cold wallet got hacked for $70M, and BTC didn’t even move. Coldcard vulnerability—no need to touch the device, transaction signatures leaked the private key. CZ is out here calling for decentralized wallets. 7 years of hardware wallet design assumptions turned upside down today. But the market doesn’t care at all. BTC dropped from 65,400 to 63,700 last Monday and went sideways for a week. Today it’s at 63,050, still stuck in place. Daily chart death cross is forming, and all four timeframes are bearish. Tether made $1.5B in Q2—money’s still there, but people are leaving. SPY 747, QQQ 688—stocks are climbing. BTC? Not moving, like it’s got nothing to do with it. July could’ve closed at 65K, but the last week gave it all back. August kicks off with a death cross, fear, and cold wallet vulnerabilities—all hitting at once. 63,000—this level’s been tested four times since the bull market began, and it still can’t hold.
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