Bhutan just moved another 700 Bitcoin to Binance. A sovereign nation that once held 13,390 Bitcoin now has roughly 2,000 left. They have sold 85% of their entire national Bitcoin treasury.
700 BTC sent directly to Binance today.
This is not ambiguous. When a government wallet sends Bitcoin to an exchange it means one thing.
They are selling.
Bhutan mined most of this Bitcoin using their abundant hydroelectric power. Their cost basis is near zero. Every dollar above nothing is profit. That makes them the most dangerous kind of seller in any market because they never need a specific price to be satisfied with the outcome.
And they have been selling consistently and aggressively throughout 2026.
From 13,390 BTC in October 2024 to roughly 2,000 BTC today. Over 11,000 Bitcoin liquidated. At prices ranging from the highs to the current levels around $58,000 to $59,000.
The contrast with other holders could not be sharper.
The person who bought 10,000 BTC in 2011 for $7,805 held for 14 years and walked away with a billion dollars. Metaplanet just added 2,823 BTC in a single quarter and now holds 43,000. MicroStrategy bought $200 million in 48 hours during peak fear.
Bhutan went the other direction entirely.
They had generational wealth sitting on a blockchain. Mined for essentially nothing. And they are converting it to cash consistently while the long term holders stack whatever they sell.
Someone is making a historic mistake here.
History will tell us which side it was.
#Bhutan #Bitcoin #BTC #CryptoMarket #SovereignWealth