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Coinkite said it cannot independently verify reports that around $130 million was stolen through the Coldcard wallet firmware flaw. The company confirmed the vulnerability affected seed generation randomness and said it has published a technical analysis while continuing firmware updates.

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Santiment data shows Bitcoin traders are expressing unusually high fear, with the positive-to-negative commentary ratio falling to its lowest level since July 31. The shift follows negative headlines around Coldcard and concerns after Strategy sold 1,638 BTC worth about $105 million. Santiment said the imbalance may reflect market stress, but historically, extreme bearishness can create conditions for relief once panic selling fades.

Binance founder CZ said it may be “statistically safer” for some users to store crypto on reputable exchanges than through self-custody, citing underreported self-custody losses and exchange reimbursement policies. He added that different custody methods suit different users and a balanced approach is often best.

The crypto market saw over $170 million in 24-hour liquidations, with Bitcoin leading at $86.34 million, followed by Ethereum at $55.43 million. Losses extended across major altcoins, reflecting continued volatility and leveraged position unwinds.

Strategy sold 1,637 BTC for over $102 million, increasing its USD reserve by $250 million to $4.0 billion while repurchasing $81 million of STRC shares. The company now holds 842,138 BTC and said the move extends its USD reserve duration to 2.3 years.

Hyperscale Data has secured approximately $30 million in Bitcoin-backed financing through the Morpho Protocol at a variable interest rate of 4.9%. The funds will support expansion of its Michigan AI data center while allowing the company to retain long-term exposure to its Bitcoin treasury.

Bitcoin remains in a fragile technical zone after losing support near $63,800, with Ali Charts pointing to $60,000 as the next major downside target. The analyst said traders should not fear that drop if it helps complete an inverse head-and-shoulders structure. A move back above $66,500 would be the key confirmation level, potentially opening the path toward $74,000.

Strategy’s Series A Preferred Stock (STRC) traded at $88.09 in pre-market, down 0.26%, after closing up 1.65% at $88.32 in the previous session. The stock remains below its $100 target level as the company continues its share buyback strategy.

The Crypto Fear & Greed Index fell to 29, remaining in the Fear zone as investor sentiment weakened amid recent market volatility. The reading suggests traders are becoming more cautious, though fear has historically coincided with periods of market uncertainty.

Crypto analyst Joao Wedson said past Bitcoin cycles show bear market bottoms forming roughly 900 days after each halving. With the current cycle at around day 827, he believes BTC could be approaching a potential cycle bottom within the next two months.