Δημοσίευση
🔥 #Bhutan just moved 280+ BTC to exchanges, downside pressure building
On chain data shows wallets linked to the Royal Government of Bhutan sending 184 BTC to Binance and another 100 BTC to a merchant deposit address, pushing more than 22 million USD worth of $BTC directly onto trading venues within hours.
Large exchange inflows from sovereign miners typically signal selling, not storage. Fresh supply entering the order books can weigh on price, increase volatility, and put Bitcoin at risk of short term downside as traders front run potential distribution.
If more transfers follow, $BTC may face immediate sell pressure and struggle to hold current levels ⚡
#Whales #AriaNaka
{future}(BTCUSDT)
On chain data shows wallets linked to the Royal Government of Bhutan sending 184 BTC to Binance and another 100 BTC to a merchant deposit address, pushing more than 22 million USD worth of $BTC directly onto trading venues within hours.
Large exchange inflows from sovereign miners typically signal selling, not storage. Fresh supply entering the order books can weigh on price, increase volatility, and put Bitcoin at risk of short term downside as traders front run potential distribution.
If more transfers follow, $BTC may face immediate sell pressure and struggle to hold current levels ⚡
#Whales #AriaNaka
{future}(BTCUSDT)
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