Bhutan Moves $8.1M in Bitcoin as Sell-Off Continues
The kingdom of Bhutan has offloaded over $230 million in Bitcoin this year while steadily reducing its holdings, according to Arkham data.
The continued sell-off by Bhutan could lead to increased downward pressure on Bitcoin prices in the short term. Market sentiment may shift towards bearish as more large holders reduce their positions.
The kingdom of Bhutan has offloaded over $230 million in Bitcoin this year while steadily reducing its holdings, according to Arkham data.
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