🇧🇹 LATEST: Bhutan Government Sells $6.7M in Bitcoin — Still Holds $372M
The Royal Government of Bhutan has reportedly sold another $6.7 million worth of $BTC, according to on-chain data from Arkham.
Despite the recent sale, Bhutan still holds approximately $372 million worth of Bitcoin in publicly identified wallets — keeping it among the notable sovereign BTC holders globally.
🔍 Why this matters: • Government wallet movements often impact short-term market sentiment. • The sale size is relatively small compared to total holdings — this looks more like strategic allocation than full distribution. • Continued large reserves suggest long-term conviction remains intact.
📊 Market Impact: Short-term volatility may increase when sovereign entities move funds, but the broader structure remains unchanged unless larger distributions follow.
$ASTER has officially confirmed a breakout from its long-standing descending channel, shifting the short-term structure after weeks of tight price compression.
After building a strong base around the $0.47–$0.50 zone, price delivered a powerful impulsive move and is now trading near $0.71, showing clear bullish momentum.
📊 Technical Breakdown
🔹 Breakout Confirmed: The descending channel that capped price for weeks has been invalidated to the upside — a key structural shift.
🔹 Current Key Support: The $0.68–$0.70 zone is now the critical flip area.As long as price holds above this region, bulls maintain control.
🔹 Upside Targets: If support holds, continuation toward $0.75–$0.80 remains the primary bullish scenario.
🔹 Invalidation Level: A breakdown below $0.68 would weaken the breakout structure and potentially open the door for a move back inside the previous descending range.
🧠 Market Outlook
• Momentum favors bulls for now • Structure shift confirmed, but needs support validation • Watch volume on any pullback • Breakout retests often decide continuation vs fakeout Risk management remains key — confirmation > anticipation.