Nevertheless, the drop in crypto prices seems restrained given the magnitude of losses in the wallet hack and the erosion of confidence in cold storage. Bitcoin and ether fell as the $114 million Coldcard hardware wallet hack shook confidence in self-custody and pushed some holders back to exchanges. Derivatives markets showed mixed signals, with BTC futures open interest at a one-month high, a slightly bearish long-short skew, and options volatility steady as call bets cluster around $68,000 a…
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