The Coldcard incident resulted in Long-Term Holder supply declining by ~233k BTC, a 1.38% fall from its recent all-time high.
With such a meaningful event, an important question is whether the emergency migration of coins has skewed the onchain metrics we use to analyse Bitcoin.
In our latest newsletter piece,
@_Checkmatey_ documents the size and scale of the change across network activity and onchain supply structure, and assesses how it influences several key onchain metrics →