Mark Moss examines why Bitcoin's price stayed flat after the largest ColdCard hardware wallet hack on record. He argues the market has shifted: bad news no longer moves the price because there are few sellers left and buying pressure has dried up. He sees this resilience as a sign of a market bottom.
We have just seen in the last couple of weeks some pretty terrible things happen in the Bitcoin space. We saw one of the largest attacks on self-custody, the largest hacks on, on, on hardware wallets, ColdCard, and the price of Bitcoin didn't even go down. Markets stop going up when there's no more buyers. They also stop going down when there's no more sellers. We're at this point now where bad news is not affecting the price. That looks like a bottom to me, so I'm bullish.
