🚨 BHUTAN GOVERNMENT MOVES BTC AGAIN: 533 BITCOINS SENT TO EXCHANGE AHEAD OF FOMC One of the largest governmental crypto holders has activated its wallets on the on-chain network.
The Bhutan government just executed a new large transaction.
The kingdom sent 533.2 BTC, totaling around $35.5 million, to its official deposit account on Binance exchange.
Such state transfers directly to a trading platform typically signal preparation for unloading coins into the market order books.
Bhutan continues to systematically reduce its crypto reserves.
Wallet analysis shows that the government's estimated sales volume over the past year has already exceeded 10,000 BTC.
Dumping another large batch of coins just hours before the historic press conference of Fed Chair Kevin Warsh adds extra pressure on the current Bitcoin quotes.
👇 What do you think, will the $35 million government sale completely halt the local BTC rally or will market makers easily scoop up this volume? Drop your thoughts in the comments.
$BTC
🔔 Follow my profile! I track the government wallets of Bhutan, the USA, and Germany 24/7. New on-chain alerts posted without delay.
#Bhutan #Bitcoin #BTC #WhaleAlert #Binance #GovernmentCrypto
The Bhutan government just executed a new large transaction.
The kingdom sent 533.2 BTC, totaling around $35.5 million, to its official deposit account on Binance exchange.
Such state transfers directly to a trading platform typically signal preparation for unloading coins into the market order books.
Bhutan continues to systematically reduce its crypto reserves.
Wallet analysis shows that the government's estimated sales volume over the past year has already exceeded 10,000 BTC.
Dumping another large batch of coins just hours before the historic press conference of Fed Chair Kevin Warsh adds extra pressure on the current Bitcoin quotes.
👇 What do you think, will the $35 million government sale completely halt the local BTC rally or will market makers easily scoop up this volume? Drop your thoughts in the comments.
$BTC
🔔 Follow my profile! I track the government wallets of Bhutan, the USA, and Germany 24/7. New on-chain alerts posted without delay.
#Bhutan #Bitcoin #BTC #WhaleAlert #Binance #GovernmentCrypto