🔐 Bitcoin has just posted a huge on-chain week. Network growth reached 2.27M new wallets, the highest level of the past year, while 751K active wallets marked the strongest reading in 10 months.
📈 The biggest catalyst is the Coldcard wallet chaos. Security shocks pressure users to move funds, create fresh wallets, rotate custody setups, and recheck exposure, which naturally sends wallet creation and activity sharply higher.
🌪️ Polarizing events often create the strongest on-chain reactions for $BTC and altcoins alike. Fear rises fast, greed follows fast, and both emotions push more people to transact, reposition, and pay attention, which can reignite demand after quiet stretches.
🐳 When retail is rattled and activity explodes, larger Bitcoin stakeholders often use the confusion to accumulate more aggressively, and that combination of rising usage plus stronger-hand accumulation has historically been constructive for price over the following weeks and months.