$CODEX
Heating UpSnapshot Window: 2026-08-02 18:50 UTC · ← Back to Crypto Overview
Social Momentum Summary
Total Engagement - Comments: 8, Retweets: 0, Likes: 64, Impressions: 6346
Verbatim Community Citations & Social Evidence 1 source posts analyzed
The @COLDCARDwallet drain is the FTX moment of this cycle, unequivocally. This marks the end of the retail/pleb self-custody movement, and the beginning of the next stage of bitcoin's financialisation — one that will accelerate adoption through IBIT, MSTR, and BTC-backed loans.
![A Glassnode chart titled "BTC: Coin Days Destroyed (CDD) [USD]" from April 2021 to August 2026 plots Bitcoin's price (black line) alongside CDD spikes (orange), showing two major CDD peaks around mid-2024 and early 2025 coinciding with all-time high prices near $100k. The chart visually supports the post's claim of a pivotal "drain" event marking a shift in Bitcoin's ownership dynamics, as the massive CDD spike around mid-2025 indicates a large transfer of long-held coins—aligning with the described transition from retail self-custody to institutional financialization via vehicles like IBIT, MSTR, and BTC-backed loans.](https://api.cryptitalk.com/reddit-image/a10793b76b824ec004a1e60a546988798da5c3af4430ba2a31d8560ca80d3e74.jpg)
AI visual note: A Glassnode chart titled "BTC: Coin Days Destroyed (CDD) [USD]" from April 2021 to August 2026 plots Bitcoin's price (black line) alongside CDD spikes (orange), showing two major CDD peaks around mid-2024 and early 2025 coinciding with all-time high prices near $100k. The chart visually supports the post's claim of a pivotal "drain" event marking a shift in Bitcoin's ownership dynamics, as the massive CDD spike around mid-2025 indicates a large transfer of long-held coins—aligning with the described transition from retail self-custody to institutional financialization via vehicles like IBIT, MSTR, and BTC-backed loans.