Latest Update
8/18/2026 2:24:00 PM

Bhutan: Transfers Another 300 BTC for $19.28M

Bhutan: Transfers Another 300 BTC for $19.28M

Bhutan government moves 300 BTC ($19.28M) to new wallet as BTC trades at $64814.67 with bullish EMA structure but overbought RSI on 4h chart.

Source

Analysis

Bhutan government transferred another 300 BTC ($19.28M) to a fresh wallet, extending its recent distribution streak that began in the past year.

With BTC price at $64814.67 testing upper Bollinger resistance at $64824.43 while RSI(14) hits 71.63 in overbought territory, a healthy retracement to the EMA50 support at $63750.87 looks probable before continuation, even as MACD maintains its golden cross above the EMA200 at $63785.91; traders tracking BTC price prediction models now weigh this sovereign selling against potential crypto market crash scenarios.


Lookonchain

@lookonchain

Looking for smartmoney onchain