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BTCUSD Slides as Bhutan Moves $34M to Binance Sparking Selloff Fears

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The Story

News Summary

  • The Bhutanese government transferred 533 BTC ($34.5 million) to Binance, signaling potential liquidation.
  • This move reduces Bhutan's remaining reserves to roughly 1,750 BTC, down significantly from its 13,000 BTC peak in late 2024, as the state continues its periodic on-chain divestments.
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BTCUSD price history

77281.50 +14.57% over the displayed period

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