BTC: On-Chain Metrics Show Wallet Shifts After Hack

BTC holders shifted coins to fresh wallets rather than exchanges after the Coldcard hack news hit on Friday, with eight on-chain metrics exceeding their two-year median.

Over the past year such migration patterns have repeatedly preceded reduced sell pressure and steadier price action in the $60,000 zone.

Price sits at $63165.78 below both the EMA50 at $63829.06 and EMA200 at $63767.55, confirming the bearish trend structure, while MACD registers a bullish golden cross at -280.01 and RSI holds neutral at 45.19 inside the Bollinger bands. With price testing upper Bollinger resistance at $64887.25 while RSI remains far from overbought, a healthy retracement toward the 50-EMA support at $63829.06 appears probable before any continuation higher, shaping the near-term BTC price prediction.