Bitcoin nears $64K as Coldcard sweep uncertainty persists
Bitcoin (BTC) rebounded in Asian trading, nearing $64,000 and reclaiming the $63,000 level after Monday’s dip to about $62,250. BTC rose ~2% over 24 hours and ~1% on the week, holding a bid after trading around $64,100 overnight.
Altcoins were broadly firm. Ether (ETH) lagged, up slightly on the day but down ~1% on the week. XRP rose to about $1.08 (+~1% on the day; +~2% weekly). BNB outperformed, up ~1.5% to around $591 and leading weekly gains near +5%. Solana (SOL) rose to about $74 (+~1% day), while TRON (TRX) gained ~1% to ~33 cents and Dogecoin (DOGE) held near 7 cents.
A key overhang remains the unresolved Coldcard wallet sweeps. A fourth wave ran through Monday, taking about 449 BTC from 709 addresses (revised count). The report notes Galaxy Research has not confirmed whether the same operator behind earlier sweeps is responsible.
Traders are watching whether BTC can stay above $63,000 through the U.S. session, as the level has been reclaimed and lost twice in three days. A third failed hold could signal reduced dip-buying below ~$62,500.
Broader macro signals were mixed for risk assets: Asia-Pacific stocks slipped after AI-trade jitters, while U.S. equity futures were slightly higher.
Neutral
The immediate price action looks mildly supportive, but the fundamental overhang is unresolved. BTC is rebounding toward $64,000 and traders are testing whether $63,000 can hold through the U.S. session—this is typically constructive for short-term momentum. However, the Coldcard sweep story is still active: a fourth wave reportedly moved ~449 BTC, and confirmation on whether the same operator is involved is lacking. That combination often leads to two-way volatility: dips can attract buyers (as seen with the quick recovery from ~$62,250), yet every additional confirmed outflow can renew sell pressure and cap upside until clarity arrives.
Historically, market reactions to “unknown or ongoing transfer” incidents tend to alternate between relief rallies (when selling pauses) and sharp pullbacks (when additional wallet activity is confirmed). Because the article frames BTC as reclaiming a key level twice in three days, the trading implication is a likely range with sharp intraday risk. Longer-term, as uncertainty resolves (or as outflows slow), the market typically re-prices risk; if sweeps continue, it can delay trend continuation and keep BTC traders focused on defensive levels like $63,000 and ~$62,500.