Bitcoin Adds 2.27M New Wallets as Users Rethink Custody

Frequently asked questions

1. What wallet figures did Santiment report for Bitcoin?

   ▾

   Santiment reported 2.27M new Bitcoin wallets and 751K active wallets. The figures arrived as users moved funds and reconsidered custody amid Coldcard-related turmoil.

2. How is Coldcard-related turmoil changing user behavior?

   ▾

   The seed links the turmoil to users moving funds and rethinking custody. That puts self-custody at the center of the latest Bitcoin activity.

3. Why do new and active wallet counts offer different signals?

   ▾

   New-wallet creation and active-wallet counts capture different parts of participation. Together, they offer a broader view of Bitcoin engagement than either measure alone.

4. What is the constructive market read from the wallet data?

   ▾

   The constructive read is broader Bitcoin participation alongside greater attention to direct control of funds. The combination makes self-custody a central part of the adoption signal.

5. What should investors watch after the Coldcard disruption?

   ▾

   The key follow-through is whether active-wallet activity and fund movement continue after the Coldcard turmoil settles. Sustained activity would make the adoption signal more durable.