Bitcoin Microtransactions Hit Post-FTX High Amid Coldcard Security Concerns

On-chain BTC transfers under 1 BTC surge to 39,600, the highest volume since November 2022. This spike follows the Coldcard incident, highlighting shifting user security preferences.

Woofun AI data shows that Bitcoin transactions involving amounts under 1 BTC have reached their peak since the FTX collapse in November 2022. Approximately 39,600 BTC moved on-chain in a single day, narrowly missing the record of 39,900 BTC set shortly after the exchange's bankruptcy filing. CryptoQuant research director Julio Moreno interprets this activity as users proactively managing risks.

Meanwhile, Bloomberg ETF senior analyst Eric Balchunas suggests that Bitcoin ETFs may offer a safer alternative due to their regulatory maturity and ease of use.