Bhutan's Bitcoin stash dropped from 13,000 to 5,400 BTC after selling 7,600 coins worth over $1.1B. Zero-cost hydro mining allowed near-pure profit sales via OTC channels. Proceeds partly fund the Gelephu Mindfulness City project.
Bhutan shifted 945.8 BTC worth about $72.3 million in a 24-hour window, with 20.5 BTC sent to QCP Capital. On-chain data also points to more than a year without a major mining reward inflow.
CryptoQuant's Bitcoin Bull Score Index hit neutral 50 for the first time since the market entered the $126K range, driven by a rebound from $60K to $78K. Analysts recall a similar signal in March 2022 that preceded a sharp crash, urging caution as volatility stays low and investors hedge.
Bitcoin has fallen under $60,000 again, pushing focus back to the four-year cycle, the $53,000 technical zone, and a timing window that analyst Loukas says often aligns with cycle bottoms.
Bitcoin saw heavy intraday volatility while fresh updates emerged on XRP ETF holdings, XRP Ledger’s institutional features, Binance’s role in the 2025 crash debate, and TRM Labs’ new funding round.
Bitcoin remains stuck near $60,000 as buyers show limited conviction. Even with US stocks rising on hopes of easing US-Iran tensions, on-chain data and shrinking capital inflows point to a defensive market and higher volatility risk.
Bitcoin briefly topped $80,000 for the first time since late January before quickly reversing. QCP analysts say BTC needs to close the CME gap between $82,000 and $83,000 to stabilize, with U.S. jobs data and crypto earnings on tap this week.
An attack on an oil facility in the UAE pushed crude prices sharply higher and added pressure across global markets. Bitcoin traders are now focused on the $84,000 CME futures gap, while onchain data points to short-term holder cost basis as a key level.
