Bitcoin Rebounds Near $64K as Coldcard Sweeps Remain Unresolved

Key Point

Bitcoin rebounded to nearly $64,000 in Asian morning trading and reclaimed the $63,000 level. Bitcoin rose 2% over 24 hours and 1% on the week after falling near $62,250 on Monday. A fourth wave of sweeps against addresses generated by the affected Coldcard firmware took roughly 449 bitcoin from 709 addresses. Galaxy Research has not confirmed whether the same operator is behind the sweeps.

Market Sentiment

Cautiously Bullish, Risk-on, Event-driven, Choppy.

Reason: Bitcoin reclaimed $63,000 after Monday's dip, so traders may read the move as a cautious recovery rather than a clear trend.

Similar Past Cases

This type of wallet-sweep uncertainty typically creates short-term caution when affected funds may reach liquid markets. The difference is that the current price rebound shows traders are focusing on support levels while the operator question remains unresolved.

Ripple Effect

Wallet-sweep uncertainty could spread through sentiment if holders worry that more affected addresses may be drained. If Bitcoin fails to hold above $63,000, then traders may treat the recovery as fragile rather than confirmed.

Opportunities & Risks

Opportunities: Traders can monitor whether Bitcoin holds above $63,000 through the U.S. session. Sustained trading above that level would support a firmer recovery signal.

Risks: Traders can monitor whether additional Coldcard sweeps appear. Further drains would keep security uncertainty in focus.