Bhutan: Transfers 434.87 BTC Worth $27.93M

Bhutan transferred another 434.87 BTC ($27.93M) on August 7, 2026, marking the first on-chain activity from the Royal Government in over a month and adding to BTC whale movements tracked through BTC on-chain analysis.

Price sits at $64823.13 inside the Bollinger Band with upper resistance at $65080.36 and lower support at $63874.79. The 50-EMA at $64157.26 and 200-EMA at $63658.7 continue to anchor the bullish trend while MACD holds a golden cross at 262.41 and RSI at 59.41 shows room before overbought conditions. A test of upper-band resistance could trigger short-term volatility exhaustion, likely pulling BTC toward the 50-EMA confluence before any continuation higher amid ongoing crypto market volatility.