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Bhutan Earmarks Up To 10,000 Bitcoin For Flagship City Project.
Bhutan has unveiled a national Bitcoin Development Pledge that will allocate up to 10,000 bitcoin, worth about $860 million at current prices, to support the build-out of Gelephu Mindfulness City, marking one of the clearest moves yet by a sovereign to treat bitcoin as a strategic state asset rather than a speculative holding.
The pledge links the digital asset allocation to the development of Gelephu Mindfulness City, a special administrative region positioned as a hub for sustainable finance, technology and wellbeing.
Authorities said the bitcoin will be managed through responsible approaches such as collateralisation, treasury strategies or long-term holding, with final decisions on deployment expected in the coming months.
The initiative builds on Bhutan’s early involvement in sovereign bitcoin mining, which has relied on surplus hydropower to generate digital assets.
The government said it would continue using excess clean energy for mining without increasing environmental impact, reinforcing its emphasis on sustainability.
Gelephu Mindfulness City already uses digital assets as part of its financial reserves and sits at the centre of Bhutan’s broader blockchain push to diversify the economy and attract foreign investment.
That agenda includes a blockchain-based national digital identity system, crypto-enabled payments for tourism and merchants, and the recent launch of TER, a sovereign-backed gold token.
Officials frame the strategy as an effort to align digital finance with governance, sustainability and social outcomes, with a particular focus on creating opportunities for younger generations in a small, landlocked economy with limited traditional growth levers.
Bhutan’s approach contrasts with more cautious stances taken by many governments that treat bitcoin primarily as a regulatory or financial stability risk.#TrendingTopic #Bhutan #bitcoin #BTC #BTC走势分析 $BTC
Bhutan has unveiled a national Bitcoin Development Pledge that will allocate up to 10,000 bitcoin, worth about $860 million at current prices, to support the build-out of Gelephu Mindfulness City, marking one of the clearest moves yet by a sovereign to treat bitcoin as a strategic state asset rather than a speculative holding.
The pledge links the digital asset allocation to the development of Gelephu Mindfulness City, a special administrative region positioned as a hub for sustainable finance, technology and wellbeing.
Authorities said the bitcoin will be managed through responsible approaches such as collateralisation, treasury strategies or long-term holding, with final decisions on deployment expected in the coming months.
The initiative builds on Bhutan’s early involvement in sovereign bitcoin mining, which has relied on surplus hydropower to generate digital assets.
The government said it would continue using excess clean energy for mining without increasing environmental impact, reinforcing its emphasis on sustainability.
Gelephu Mindfulness City already uses digital assets as part of its financial reserves and sits at the centre of Bhutan’s broader blockchain push to diversify the economy and attract foreign investment.
That agenda includes a blockchain-based national digital identity system, crypto-enabled payments for tourism and merchants, and the recent launch of TER, a sovereign-backed gold token.
Officials frame the strategy as an effort to align digital finance with governance, sustainability and social outcomes, with a particular focus on creating opportunities for younger generations in a small, landlocked economy with limited traditional growth levers.
Bhutan’s approach contrasts with more cautious stances taken by many governments that treat bitcoin primarily as a regulatory or financial stability risk.#TrendingTopic #Bhutan #bitcoin #BTC #BTC走势分析 $BTC
As it stands: Bhutan is quietly building a state-backed “green Bitcoin economy,” using surplus hydropower to mine BTC under strict regulatory guardrails.#TrendingTopic #Bhutan #BTC #BTC走势分析 #BTC☀ $BTC
📰 BREAKING NEWS: Bhutan Moves Massive BTC Cache to Binance
New York, NY
🚨 Urgent News: Bhutan Takes Action on Bitcoin Holdings
In a significant market development, the Government of Bhutan initiated a major transfer of Bitcoin ($BTC $) to the Binance exchange late on November 14, 2024. A staggering total of 374.217 BTC was moved, with the vast majority—367.263 BTC—deposited directly into Binance wallet addresses.
This transaction is widely interpreted by market analysts as a strategic move to "take profits" following Bitcoin's recent surge to new All-Time Highs ($ATH
). This marks the second time within a single month that Bhutan has undertaken a large-scale transfer of $BTC
to an exchange.
Educational Takeaway on Government Asset Management:
Active Treasury Management: The decision to move such a substantial amount of $BTC $ onto an exchange in close proximity to record price levels demonstrates a highly proactive and dynamic approach by the government in managing its digital asset treasury.
Capitalizing on Volatility: This activity suggests that Bhutan’s digital asset strategy is not purely 'Hold-Only' but includes tactical trading aimed at capitalizing on market price volatility to secure returns, potentially to fund national projects or diversify holdings.
$DOT
Market Influence: While the transfer is intended for internal financial management, moves of this scale by a sovereign entity often draw intense market scrutiny, as they indicate institutional sentiment and can briefly influence short-term price movements.
This governmental maneuver highlights the increasing integration of digital asset trading into sovereign wealth management strategies.
#Bhutan #Bitcoin #CryptoTrading #MarketAnalysis
New York, NY
🚨 Urgent News: Bhutan Takes Action on Bitcoin Holdings
In a significant market development, the Government of Bhutan initiated a major transfer of Bitcoin ($BTC $) to the Binance exchange late on November 14, 2024. A staggering total of 374.217 BTC was moved, with the vast majority—367.263 BTC—deposited directly into Binance wallet addresses.
This transaction is widely interpreted by market analysts as a strategic move to "take profits" following Bitcoin's recent surge to new All-Time Highs ($ATH
). This marks the second time within a single month that Bhutan has undertaken a large-scale transfer of $BTC
to an exchange.
Educational Takeaway on Government Asset Management:
Active Treasury Management: The decision to move such a substantial amount of $BTC $ onto an exchange in close proximity to record price levels demonstrates a highly proactive and dynamic approach by the government in managing its digital asset treasury.
Capitalizing on Volatility: This activity suggests that Bhutan’s digital asset strategy is not purely 'Hold-Only' but includes tactical trading aimed at capitalizing on market price volatility to secure returns, potentially to fund national projects or diversify holdings.
$DOT
Market Influence: While the transfer is intended for internal financial management, moves of this scale by a sovereign entity often draw intense market scrutiny, as they indicate institutional sentiment and can briefly influence short-term price movements.
This governmental maneuver highlights the increasing integration of digital asset trading into sovereign wealth management strategies.
#Bhutan #Bitcoin #CryptoTrading #MarketAnalysis
NEWS FLASH: Bhutan Targets 15 GW Hydropower Capacity to Power Crypto Economy ⚡️
NEW YORK CITY | 10:46 PM EST | December 13, 2025
Bhutan has announced an ambitious and interconnected energy and technology strategy, aiming to expand its hydropower capacity from the current 3.5 GW to a massive 15 GW over the next 10 to 15 years.$INJ
This monumental goal is central to the nation's objective of establishing itself as South Asia's premier renewable energy economy. $DOT
Crucially, this substantial increase in clean power generation is designed to provide abundant, sustainable energy for intensive digital operations, specifically targeting Bitcoin mining and blockchain activities.
The government views crypto mining as one of the primary, high-value applications for utilizing the predicted surplus electrical capacity.$ETH
By pairing its deep commitment to renewable energy development with cutting-edge financial technology, Bhutan is executing a unique, forward-looking economic strategy. This combination allows the country to commercialize its natural resource advantage while integrating itself into the global digital finance ecosystem, demonstrating a sustainable pathway to national revenue diversification.
#Hydropower #Bhutan #BitcoinMining #RenewableEnergy
NEW YORK CITY | 10:46 PM EST | December 13, 2025
Bhutan has announced an ambitious and interconnected energy and technology strategy, aiming to expand its hydropower capacity from the current 3.5 GW to a massive 15 GW over the next 10 to 15 years.$INJ
This monumental goal is central to the nation's objective of establishing itself as South Asia's premier renewable energy economy. $DOT
Crucially, this substantial increase in clean power generation is designed to provide abundant, sustainable energy for intensive digital operations, specifically targeting Bitcoin mining and blockchain activities.
The government views crypto mining as one of the primary, high-value applications for utilizing the predicted surplus electrical capacity.$ETH
By pairing its deep commitment to renewable energy development with cutting-edge financial technology, Bhutan is executing a unique, forward-looking economic strategy. This combination allows the country to commercialize its natural resource advantage while integrating itself into the global digital finance ecosystem, demonstrating a sustainable pathway to national revenue diversification.
#Hydropower #Bhutan #BitcoinMining #RenewableEnergy
Crypto currency In Bhutan.
Cryptocurrency is a digital or virtual form of currency that relies on cryptographic techniques for secure financial transactions. Bitcoin, introduced in 2009, marked the inception of cryptocurrencies and paved the way for a diverse ecosystem of digital assets. Unlike traditional currencies issued by governments, cryptocurrencies operate on decentralized networks based on blockchain technology.Blockchain, a distributed ledger, records all transactions across a network of computers, ensuring transparency and security. This decentralization eliminates the need for intermediaries like banks, providing users with greater control over their finances. Ethereum, another prominent cryptocurrency, introduced smart contracts, allowing for programmable and self-executing agreements.The value of cryptocurrencies is often volatile, influenced by factors like market demand, regulatory developments, and technological advancements. Investors and enthusiasts are drawn to the potential for high returns, but the inherent risks make it a speculative and dynamic market.Beyond financial applications, cryptocurrencies have sparked interest in decentralized finance (DeFi), non-fungible tokens (NFTs), and innovative blockchain projects. While skeptics express concerns about regulatory challenges and security issues, the ongoing evolution of the cryptocurrency landscape continues to reshape traditional notions of finance and commerce.##Write2Earn #TrendingTopic #CryptocurrencyPotential #bhutan
The Country with the Fourth Most Bitcoins Announces It Will Add Two More Surprise Altcoins to Its Reserves!
Bhutan, one of the countries with the most Bitcoin, has previously attracted attention with its BTC sales, but now it has come to the fore with a different move.
Accordingly, Bhutan’s new special administrative region, Gelephu Mindfulness City (GMC), announced its plans to include Bitcoin (BTC), Ethereum (ETH) and Binance Coin (BNB) in its strategic reserve assets in an official statement.
With this move, Gelephu Mindfulness City became one of the first special administrative regions in the world to hold digital assets in its strategic reserves.
“Bhutan’s new Special Administrative Region, Gelephu Mindfulness City (GMC), today announced its intention to recognize digital assets such as Bitcoin (BTC), Ether (ETH) and BNB as part of its strategic reserves, making the Special Administrative Region (SAR) one of the first jurisdictions to officially hold digital assets as part of its strategic reserves.
The inclusion of digital assets in GMC’s strategic reserves will enhance the SAR’s economic resilience and is an evolution of the jurisdiction’s participation in bitcoin mining.
For its strategic reserves, GMC aims to recognize digital assets with large market capitalizations and deep liquidity to ensure they can be easily bought and sold with minimal price impact.”
Bhutan’s Gelephu Mindfulness City Pioneers Adoption of BTC, ETH and BNB and Other Digital Assets in City’s Strategic Reserves.
#Bhutan #BNB #Bitcoin #Ethereum #Cryptonews
Bhutan, one of the countries with the most Bitcoin, has previously attracted attention with its BTC sales, but now it has come to the fore with a different move.
Accordingly, Bhutan’s new special administrative region, Gelephu Mindfulness City (GMC), announced its plans to include Bitcoin (BTC), Ethereum (ETH) and Binance Coin (BNB) in its strategic reserve assets in an official statement.
With this move, Gelephu Mindfulness City became one of the first special administrative regions in the world to hold digital assets in its strategic reserves.
“Bhutan’s new Special Administrative Region, Gelephu Mindfulness City (GMC), today announced its intention to recognize digital assets such as Bitcoin (BTC), Ether (ETH) and BNB as part of its strategic reserves, making the Special Administrative Region (SAR) one of the first jurisdictions to officially hold digital assets as part of its strategic reserves.
The inclusion of digital assets in GMC’s strategic reserves will enhance the SAR’s economic resilience and is an evolution of the jurisdiction’s participation in bitcoin mining.
For its strategic reserves, GMC aims to recognize digital assets with large market capitalizations and deep liquidity to ensure they can be easily bought and sold with minimal price impact.”
Bhutan’s Gelephu Mindfulness City Pioneers Adoption of BTC, ETH and BNB and Other Digital Assets in City’s Strategic Reserves.
#Bhutan #BNB #Bitcoin #Ethereum #Cryptonews
🇧🇹 LATEST: #Bhutan becomes the first country to fully integrate crypto into tourism, partnering with Binance Pay to accept 100+ #cryptocurrencies for flights, hotels, visas, shopping & more.
#BTC #Binance
#BTC #Binance
🚨 BREAKING: Bhutan has secretly mined 12,000 $BTC since 2020! 🚀
💰 Now holding a staggering $1.3B in Bitcoin-almost 40% of its GDP! 🇧🇹
🔍 This makes Bhutan the 3rd-largest state holder of Bitcoin. 🌍
The quiet rise of a crypto powerhouse. 📊
#Bitcoin #Crypto #Bhutan #BTC #CryptoNews #CryptoMarket$BTC
💰 Now holding a staggering $1.3B in Bitcoin-almost 40% of its GDP! 🇧🇹
🔍 This makes Bhutan the 3rd-largest state holder of Bitcoin. 🌍
The quiet rise of a crypto powerhouse. 📊
#Bitcoin #Crypto #Bhutan #BTC #CryptoNews #CryptoMarket$BTC
🇧🇹 Bhutan: Where Happiness Meets Crypto
Bhutan isn't just beautiful — it's bold. Since the 1970s, it's been the only country in the world to prioritize Gross National Happiness (GNH) over GDP. Now, Bhutan is blending this unique philosophy with Bitcoin and blockchain tech.
🧘♂️ GNH + Crypto = Mindful Innovation
🔹 Green Bitcoin Mining: Powered by 100% hydropower, Bhutan has quietly mined BTC since 2019 — and now holds over $600M in reserves
🔹 Crypto Tourism: Bhutan launched a nationwide crypto payment system in 2025 via Binance Pay — tourists can now book hotels, pay visa fees, and buy local goods using crypto 🏞️
🔹 Mindfulness City Project: Bhutan’s Gelephu Special Administrative Region integrates BTC, ETH, and BNB into its sovereign fund — aiming for sustainable growth, not just profits
♻️ Bhutan proves crypto can align with cultural values, clean energy, and well-being.
📈 While the world debates regulation, Bhutan is already building a crypto-powered future grounded in happiness.
#Bitcoin #Bhutan #BNB #CryptoTourism #GreenMining
Bhutan isn't just beautiful — it's bold. Since the 1970s, it's been the only country in the world to prioritize Gross National Happiness (GNH) over GDP. Now, Bhutan is blending this unique philosophy with Bitcoin and blockchain tech.
🧘♂️ GNH + Crypto = Mindful Innovation
🔹 Green Bitcoin Mining: Powered by 100% hydropower, Bhutan has quietly mined BTC since 2019 — and now holds over $600M in reserves
🔹 Crypto Tourism: Bhutan launched a nationwide crypto payment system in 2025 via Binance Pay — tourists can now book hotels, pay visa fees, and buy local goods using crypto 🏞️
🔹 Mindfulness City Project: Bhutan’s Gelephu Special Administrative Region integrates BTC, ETH, and BNB into its sovereign fund — aiming for sustainable growth, not just profits
♻️ Bhutan proves crypto can align with cultural values, clean energy, and well-being.
📈 While the world debates regulation, Bhutan is already building a crypto-powered future grounded in happiness.
#Bitcoin #Bhutan #BNB #CryptoTourism #GreenMining
Bhutan hosts decentralized application hackathon with $Ethereum Foundation
The Kingdom of Bhutan is a world leader in digital public infrastructure (DPI) and it’s looking to build out the potential benefits from its national digital identity system.
The city of Paro is a good base for visitors to the Land of the Thunder Dragon, with the historic Tiger’s Nest monastery nearby and the country’s only international airport. It also recently hosted a three-day hackathon organized by the GovTech Agency with support from the Ethereum Foundation.
The city of Paro is a good base for visitors to the Land of the Thunder Dragon, with the historic Tiger’s Nest monastery nearby and the country’s only international airport. It also recently hosted a three-day hackathon organized by the GovTech Agency with support from the Ethereum Foundation.
💥BREAKING:
THE ROYAL GOVERNMENT OF BHUTAN HAS DEPOSITED 212.31 $BTC WORTH $23.61M INTO BINANCE.
$BTC #Bhutan
THE ROYAL GOVERNMENT OF BHUTAN HAS DEPOSITED 212.31 $BTC WORTH $23.61M INTO BINANCE.
$BTC #Bhutan
🚨 WEEKLY CRYPTO; EUROPE CUTS RATES, OKX ENTERS U.S., OM TOKEN CRASHES 90%
🔹ECB CUTS RATE: Deposit facility rate lowered to 2.25%, sixth consecutive cut.
🔹TRUMP SLAMS POWELL: Calls Fed chair “always late and wrong” on interest rates.
🔹OKX IN U.S.: Launches exchange and wallet, plans full rollout in 2025.
🔹$OM TOKEN CRASH: Drops 90%; Binance blames cross-platform liquidation.
🔹PANAMA GOES CRYPTO: Public institutions to accept BTC, ETH, USDT, USDC.
🔹BHUTAN'S GREEN MINING: Earned millions via crypto, uses hydro-powered mining.
🔹VITALIK ON PRIVACY: Calls it key to freedom and innovation in Web3.
🔹VISA JOINS USDG: Partners with Paxos’ stablecoin alliance.
🔹STRATEGY BUYS BTC: Adds 3,459 BTC worth $285.8M, now holds $35.9B in Bitcoin.
🔹FUNDING ROUNDUPS: a16z, Wintermute, 1kx lead major crypto investments.
#InterestRates #OMToken #Bhutan #Panama #Web3 #Vitalik$ETH
$BTC
🔹ECB CUTS RATE: Deposit facility rate lowered to 2.25%, sixth consecutive cut.
🔹TRUMP SLAMS POWELL: Calls Fed chair “always late and wrong” on interest rates.
🔹OKX IN U.S.: Launches exchange and wallet, plans full rollout in 2025.
🔹$OM TOKEN CRASH: Drops 90%; Binance blames cross-platform liquidation.
🔹PANAMA GOES CRYPTO: Public institutions to accept BTC, ETH, USDT, USDC.
🔹BHUTAN'S GREEN MINING: Earned millions via crypto, uses hydro-powered mining.
🔹VITALIK ON PRIVACY: Calls it key to freedom and innovation in Web3.
🔹VISA JOINS USDG: Partners with Paxos’ stablecoin alliance.
🔹STRATEGY BUYS BTC: Adds 3,459 BTC worth $285.8M, now holds $35.9B in Bitcoin.
🔹FUNDING ROUNDUPS: a16z, Wintermute, 1kx lead major crypto investments.
#InterestRates #OMToken #Bhutan #Panama #Web3 #Vitalik$ETH
$BTC
🚨WEEKLY CRYPTO UPDATES
🔹Pumpfun: Accounts for 20% of Solana DEX trading volume, reaching a record high.$SOL
🔹Dogecoin Foundation : Establishes DOGE Reserve, purchasing 10 million $DOGE (~$1.8M).
🔹Berachain : Cross-chain asset TVL reaches $3.4B, with stablecoins making up 41.5%.
🔹#Hyperliquid : Introduces on-chain validator voting for asset delisting.
🔹#Polymarket : Faces governance attack with oracle manipulation for profit.
🔹Scallop Lend: Achieves $80K daily revenue, ranking second among #DeFi lending protocols.
🔹UniSat Wallet: To stop supporting Atomicals protocol on April 4th.
🔹Abracadabra Hack: Loss of 13 million MIM tokens, DAO repurchased 50%, compensation planned.
🔹#BNBChain : Launches $100M Permanent Liquidity Program for native tokens.
🔹Binance Launchpool: Launching #GUNZ ($GUN) from Gunzilla Games on March 31, 2025.$GUN
{spot}(GUNUSDT)
🔹Pumpfun: Accounts for 20% of Solana DEX trading volume, reaching a record high.$SOL
🔹Dogecoin Foundation : Establishes DOGE Reserve, purchasing 10 million $DOGE (~$1.8M).
🔹Berachain : Cross-chain asset TVL reaches $3.4B, with stablecoins making up 41.5%.
🔹#Hyperliquid : Introduces on-chain validator voting for asset delisting.
🔹#Polymarket : Faces governance attack with oracle manipulation for profit.
🔹Scallop Lend: Achieves $80K daily revenue, ranking second among #DeFi lending protocols.
🔹UniSat Wallet: To stop supporting Atomicals protocol on April 4th.
🔹Abracadabra Hack: Loss of 13 million MIM tokens, DAO repurchased 50%, compensation planned.
🔹#BNBChain : Launches $100M Permanent Liquidity Program for native tokens.
🔹Binance Launchpool: Launching #GUNZ ($GUN) from Gunzilla Games on March 31, 2025.$GUN
{spot}(GUNUSDT)
#India Plans to Mine Bitcoin Like Bhutan? This Could Be a Game-Changer!
#Bhutan mined over $1 BILLION in Bitcoin using hydropower… quietly.
Now India’s govt says:
“We have even MORE renewable energy — we can do it bigger.”
Imagine this 👇
Solar + Hydropower + $BTC Mining = National Bitcoin Reserve?
This could be India’s boldest move yet in crypto.
No ETFs.
No middlemen.
Just pure hashpower backed by the sun & rivers.
Should India build its own #bitcoin treasury like Bhutan did?
👉 Drop your take below.
Buy and Trade $BTC here
#NODEBinanceTGE @WISE PUMPS
#Bhutan mined over $1 BILLION in Bitcoin using hydropower… quietly.
Now India’s govt says:
“We have even MORE renewable energy — we can do it bigger.”
Imagine this 👇
Solar + Hydropower + $BTC Mining = National Bitcoin Reserve?
This could be India’s boldest move yet in crypto.
No ETFs.
No middlemen.
Just pure hashpower backed by the sun & rivers.
Should India build its own #bitcoin treasury like Bhutan did?
👉 Drop your take below.
Buy and Trade $BTC here
#NODEBinanceTGE @WISE PUMPS
Bhutan is secretly mining $BTC Bitcoin—and it's all green!
Using 100% hydroelectric power, the Himalayan kingdom has built state-run BTC mining farms through its sovereign fund, Druk Holdings. It's not hype—Bhutan holds up to $1.3B in BTC, nearly 40% of its GDP. Crypto meets clean energy! 💧⚡
You can pay in $BTC $USDT and more.
#Bitcoin #Bhutan #CryptoMining #HydroPower #BTCMining
Using 100% hydroelectric power, the Himalayan kingdom has built state-run BTC mining farms through its sovereign fund, Druk Holdings. It's not hype—Bhutan holds up to $1.3B in BTC, nearly 40% of its GDP. Crypto meets clean energy! 💧⚡
You can pay in $BTC $USDT and more.
#Bitcoin #Bhutan #CryptoMining #HydroPower #BTCMining
Bhutan’s Strategic Bitcoin Moves: What’s Behind the Sovereign Crypto Activity ?
Recently, Bhutan’s sovereign wealth fund—Druk Holding & Investments (DHI)—transferred 517 BTC, valued around $59 million, to a new wallet address that had conducted a test transfer to Binance just a day earlier. This action has once again sparked speculation that the funds may be destined for exchange and possible liquidation.
Pattern of Activity
This isn’t a one-off move. In mid‑July, Bhutan made sizable bitcoin transfers to Binance—212+ BTC ($23M) and even 650 BTC ($74M) in separate transactions—all coinciding with market highs.
Current Reserves & Economic Scale
Despite these movements, Bhutan still retains a substantial holding. Estimates indicate reserves of around 11,411–12,000 BTC, worth approximately $1.3–1.4 billion, accounting for nearly 30–40% of its GDP.
Is Bhutan Selling Bitcoin? Market Braces for Possible Shift
According to Arkham Intelligence, the Royal Government of Bhutan still holds over $1.23 billion worth of Bitcoin, making it one of the largest sovereign holders of BTC. However, the recent on-chain movement of $59 million to an address that tested a Binance deposit wallet has sparked speculation that Bhutan may be preparing to offload part of its holdings. While this does not confirm a sell-off, it has raised concerns at a time when the broader market is showing signs of fatigue.
How It Accumulated So Much
Bhutan’s accumulation stems from a uniquely sustainable model: starting around 2019, it turned surplus hydroelectric power into a low-cost, environmentally friendly engine for Bitcoin mining. By 2025, this strategy put Bhutan among the top three sovereign Bitcoin holders in the world.
Possible Motivation & Strategy
Analysts interpret these large transfers to Binance particularly timed with Bitcoin’s market peaks as strategic profit-taking rather than reactive selling. It appears Bhutan is managing its crypto reserves with deliberate timing, rather than panic.
$BTC
#Bhutan
Bitcoin Struggles Near Key Resistance After Breakdown from Range
Bitcoin is currently trading near $115,035, showing signs of weakness after breaking below its previous consolidation range between $117,500 and $122,000. The 12-hour chart highlights a bearish structure, with BTC failing to reclaim the 50-period moving average (blue), which is now acting as dynamic resistance around $115,724. Momentum appears to be fading, and volume has declined following the sell-off earlier this month.
Notably, the 100-period moving average (green) at $112,693 has provided short-term support, but the lack of bullish conviction raises concerns. A rejection at the 50MA could push Bitcoin back toward the $112K–$110K region, where the 200-period moving average (red) at $108,381 could act as a last-resort support before more aggressive selling pressure emerges.
The consolidation that once held Bitcoin in a tight range above $117K now acts as a resistance barrier. If BTC fails to climb back above that level soon, the market could transition into a deeper correction phase #Binance
Pattern of Activity
This isn’t a one-off move. In mid‑July, Bhutan made sizable bitcoin transfers to Binance—212+ BTC ($23M) and even 650 BTC ($74M) in separate transactions—all coinciding with market highs.
Current Reserves & Economic Scale
Despite these movements, Bhutan still retains a substantial holding. Estimates indicate reserves of around 11,411–12,000 BTC, worth approximately $1.3–1.4 billion, accounting for nearly 30–40% of its GDP.
Is Bhutan Selling Bitcoin? Market Braces for Possible Shift
According to Arkham Intelligence, the Royal Government of Bhutan still holds over $1.23 billion worth of Bitcoin, making it one of the largest sovereign holders of BTC. However, the recent on-chain movement of $59 million to an address that tested a Binance deposit wallet has sparked speculation that Bhutan may be preparing to offload part of its holdings. While this does not confirm a sell-off, it has raised concerns at a time when the broader market is showing signs of fatigue.
How It Accumulated So Much
Bhutan’s accumulation stems from a uniquely sustainable model: starting around 2019, it turned surplus hydroelectric power into a low-cost, environmentally friendly engine for Bitcoin mining. By 2025, this strategy put Bhutan among the top three sovereign Bitcoin holders in the world.
Possible Motivation & Strategy
Analysts interpret these large transfers to Binance particularly timed with Bitcoin’s market peaks as strategic profit-taking rather than reactive selling. It appears Bhutan is managing its crypto reserves with deliberate timing, rather than panic.
$BTC
#Bhutan
Bitcoin Struggles Near Key Resistance After Breakdown from Range
Bitcoin is currently trading near $115,035, showing signs of weakness after breaking below its previous consolidation range between $117,500 and $122,000. The 12-hour chart highlights a bearish structure, with BTC failing to reclaim the 50-period moving average (blue), which is now acting as dynamic resistance around $115,724. Momentum appears to be fading, and volume has declined following the sell-off earlier this month.
Notably, the 100-period moving average (green) at $112,693 has provided short-term support, but the lack of bullish conviction raises concerns. A rejection at the 50MA could push Bitcoin back toward the $112K–$110K region, where the 200-period moving average (red) at $108,381 could act as a last-resort support before more aggressive selling pressure emerges.
The consolidation that once held Bitcoin in a tight range above $117K now acts as a resistance barrier. If BTC fails to climb back above that level soon, the market could transition into a deeper correction phase #Binance
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