Bitcoin bounced back above $63,000 on Tuesday, hitting $64,117 before settling near $63,545. The move came despite fresh headwinds from corporate asset managers dumping coins and what appears to be the fourth wave of Coldcard wallet exploits.
Strategy offloaded 1,638 Bitcoin for $104.7 million last week, the SEC filing showed. The company took a haircut on the deal, selling at an average of $63,957 against its $75,419 cost basis on remaining holdings. Half the proceeds went to dividends, the other half to share buybacks. This kind of corporate selling used to trigger panic, but the market shrugged it off.
Meanwhile, Galaxy linked another suspected Coldcard breach to 448.7 Bitcoin moving from 709 addresses. The damage keeps growing. Analysts now estimate the entire exploit wave may have cost victims up to 2,055 Bitcoin. Coldcard's maker says new firmware protects fresh seed phrases, but owners with existing wallets face a harder road complete migration or risk it.
Miners stayed active too. Some 1,774 Bitcoin hit the market from mining operations last week alone, according to onchain tracking by analyst Ali Martinez. Volume like that would normally pressure prices. Instead, buyers kept stepping in around $60,000.
The broader chart tells a different story though. Bitcoin remains trapped between $60,000 support and a stubborn $65,000 to $66,500 ceiling it cannot crack. Stochastic RSI sits at 22 and 14, deep in oversold territory. MACD still trades below its signal line with negative histogram. The Tuesday bounce looks shallow, not a reversal.
Crypto markets broadly turned green. BNB and Dogecoin moved higher. Ether was the lone major token still underwater over seven days, dragged by tech sector weakness that spread from Asian equities overnight. Oil rallied on conflicting U.S. and Iranian trade signals, but Bitcoin held firm at $63,800 during Asia hours, suggesting it was absorbing coin-specific selling without spilling into a wider risk-off event.
This material is for information only and does not constitute financial advice. Always do your own research before making investment decisions.
