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Bitcoin bullish sentiment hits record low after $70M Coldcard wallet hack shakes investor trust

Market News
01 Aug 2026
UToday
View Source
Bearish
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Bitcoin's bullish sentiment has plunged to its lowest level ever following a $70 million exploit of the Coldcard hardware wallet, a trusted tool for self-custody. This security breach has caused widespread fear among investors, leading bearish comments to outnumber bullish ones by nearly 3 to 1. The incident has raised serious doubts about the safety of hardware wallets, traditionally seen as the safest way to protect Bitcoin holdings. This shift in sentiment surpasses fears seen during previous geopolitical tensions and major crypto events, highlighting deep concerns about security in the crypto community.

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