coldcard is more recent than 2 months, like 9 days https://coldcardwatch.com
so could be related would think still as its still kind of an ongoing thing of where those funds could be going i guess
and btcpay even more recent yea so could also be related
but imo that's also why the monero ecosystem still need to grow
cause right now it seems after funds like these get transfered into monero then the dump follows shortly after
instead of like, staying in monero and being in the circular economy, most ends up actually getting cashed out or moved back to btc / tether or something like that eventually
it's on the right path tho, as it's been clear from trends on merchants adoptions and so on that monero fits the role better than bitcoin regarding being used as actual currency
but also, the trend of monero pumping when things like that happen is just giga bullish on the long run since these happen quite frequently lately
which is also why would consider monero a better store of value than bitcoin too, 10x, 100x or whatever doesnt seem too farfetched at this point tbh, while bitcoin already have the big blackrock funding and things like that and has lost momentum, monero still have lots of growth ahead from many different angles