CZ Binance: Coldcard BTC Theft Hits $71M

CZ Binance stressed that self-custody leaves users exposed after Coldcard wallets continue draining, with over $71,000,000 in BTC already stolen and no way for devs to patch old seeds or contact air-gapped holders.

Price action on the 4h chart shows BTC at $62586.83 locked in a bearish structure beneath both EMA50 at $64009.58 and EMA200 at $63831.89, MACD death cross at -405.62, and RSI at 34.22 while price remains inside the Bollinger band with lower support at $62201.22; this confluence points to sustained downside pressure on self custody bitcoin risks until a decisive reclaim of the upper band resistance at $65236.81 occurs.