Bhutan dumped another 300 $BTC today — $19.28M out the door.
They've been quietly offloading for a while now. Not panic selling, just consistent exits. Probably treasury management or locking in profits from their mining ops.
Not a crash signal, but worth watching. When a sovereign holder starts trimming this consistently, it usually means they're either rebalancing or they see better use for the cash elsewhere.
Still bullish long-term, but these flows matter.
They've been quietly offloading for a while now. Not panic selling, just consistent exits. Probably treasury management or locking in profits from their mining ops.
Not a crash signal, but worth watching. When a sovereign holder starts trimming this consistently, it usually means they're either rebalancing or they see better use for the cash elsewhere.
Still bullish long-term, but these flows matter.