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🚨 #COLDCARD fears appear to be driving wallet migration—not mass #Bitcoin selling. 📊 Recent on-chain data shows exchange inflows are mainly coming from wallets holding less than 1 BTC, while deposits from larger holders continue to decline. 💡 This suggests retail investors are moving funds to exchanges for perceived safety, whereas whales are more likely reorganizing custody rather than preparing to sell. ⚠️ If large holders were truly capitulating, the market would likely have seen a much steeper decline. Instead, $BTC has remained relatively resilient, indicating demand is still absorbing available supply. 👀 For now, the data points to custody migration over capitulation, though the market remains sensitive to further security-related developments. #Bitcoin #BTC #OnChain #Coldcard #CryptoSecurity #Whales #CryptoNews #MarketUpdate