Bhutan: Transfers 738 BTC Worth $45M

Royal Government of Bhutan transferred 738 BTC worth $45M to a fresh wallet on June 6, 2026.

BTC sits at $60853.44 beneath EMA50 resistance of $67795.35 and EMA200 at $73949.79, locking in bearish trend structure while MACD death cross at -2422.44 keeps downside pressure intact. RSI at 26.18 signals oversold conditions inside Bollinger bands bounded by $59426.32 support and $68098.89 resistance, pointing to a probable relief bounce before any continuation. On-chain Bitcoin movements like this Bhutan transfer often shape BTC price prediction models and crypto market volatility readings for institutional desks tracking sovereign flows.