Bhutan Shifts Large BTC Holdings to Fresh Wallets Amid Market Volatility

Bhutan has moved 10.779 BTC (~$835K) from its state coffers to two new addresses, continuing its pattern of onchain government transfers that have shaped Bitcoin price prediction models over the past year.

This move comes at a time when the Bitcoin price is at $77,051.93 within the Bollinger band, with the upper resistance at $81,693.85 sitting close by.

The Relative Strength Index (RSI) 14 is at 79.84, signaling overbought conditions, which may indicate a probable retracement toward the EMA50 support at $69,633.16 before any continuation higher.

Traders are now watching whether these sovereign flows add selling pressure or simply reflect routine treasury management.