Flow

random

Galaxy

Bitcoin

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<ul>
 <li>Bhutan moves over 1,000 BTC, sparking fears of sell-off</li>
 <li>Massive Bitcoin transfers suggest Bhutan may be reducing crypto exposure</li>
 <li>On-chain data links Bhutan transfers to potential institutional liquidation activity</li>
</ul>
Bhutan has moved over 1,000 Bitcoin within days, triggering fresh market attention as on-chain data reveals a clear acceleration in outflows. The latest transfer saw nearly 375 BTC, worth about $25 million, sent to an unidentified address early Tuesday. 
<a href="https://x.com/OnchainLens/status/2038882688032276732" rel="noopener noreferrer nofollow">According to Onchain Lens</a>, the Bhutan government recently moved 325 BTC to a wallet that has previously routed funds to Galaxy Digital.&nbsp;Moreover, analysts noted that similar recipient addresses previously routed funds toward major investment firms. This pattern has strengthened speculation that Bhutan could be actively selling portions of its holdings. 
Additionally, the recent transaction adds to earlier transfers conducted within the same week. Data shows that Bhutan-linked wallets sent over 500 BTC on March 25 and another batch days later. Consequently, total outflows have now exceeded 1,000 BTC in a short period, raising concerns about sustained selling pressure. 
Also Read: <a href="https://36crypto.com/trillions-in-401k-funds-could-flow-into-digital-assets-like-xrp-and-btc-heres-what-you-should-know/" rel="noopener noreferrer nofollow">Trillions in 401(k) Funds Could Flow Into Digital Assets Like XRP, and BTC – Here’s What You Should Know</a> 
<h2 id="accelerated-transfers-point-to-possible-liquidation-strategy">Accelerated Transfers Point to Possible Liquidation Strategy</h2>
On-chain analysts have highlighted consistent flows toward addresses associated with institutional intermediaries, while previous transfers from these wallets eventually reached large asset managers, suggesting structured offloading rather than random movement. At the same time, <a href="https://36crypto.com/bhutan-moves-72-million-in-bitcoin-as-holdings-strategy-shifts/" rel="noopener noreferrer nofollow">Bhutan still holds a notable Bitcoin</a> reserve despite these outflows, with current estimates placing its holdings at around 3,954 BTC, valued at approximately $260 million. However, this figure represents a sharp decline from its peak of about 13,000 BTC recorded in October 2024, while year-to-date data also shows a reduction of more than 2,000 BTC, reinforcing the scale of the ongoing drawdown. 
<div class="embed-twitter">
 <blockquote class="twitter-tweet">
 Is <a href="https://twitter.com/hashtag/Bhutan?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bhutan</a> Selling <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>? 
 The Royal Government of Bhutan moved 325 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> worth $25.19M to a wallet that has previously transferred <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> to <a href="https://twitter.com/hashtag/Galaxy?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Galaxy</a> Digital.<a href="https://t.co/q4dW3qJBT5" rel="noopener noreferrer nofollow">https://t.co/q4dW3qJBT5</a><a href="https://t.co/asjTYWdyRN" rel="noopener noreferrer nofollow">pic.twitter.com/asjTYWdyRN</a> 
 — Onchain Lens (@OnchainLens) <a href="https://twitter.com/OnchainLens/status/2038882688032276732?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 31, 2026</a> 
 </blockquote>
</div>
Furthermore, Bhutan’s Bitcoin accumulation strategy has historically relied on mining rather than asset seizures. The country used its hydroelectric resources to support energy-efficient mining operations. However, recent data suggests that mining inflows have slowed significantly, with no major additions recorded in over a year. 
Moreover, the absence of fresh inflows combined with rising outflows suggests a shift in strategy. Analysts now question whether Bhutan is reallocating capital or reducing its crypto exposure entirely. This evolving pattern has positioned the country as one of the most closely watched state holders in the current market cycle. Bhutan’s rapid Bitcoin movements have intensified speculation about a large-scale sell-off. Continued outflows and declining reserves suggest a strategic shift that could influence broader market sentiment in the coming weeks. 
Also Read: A<a href="https://36crypto.com/alert-unknown-37258567-xrp-floods-coinbase-amid-market-turbulence-whats-it-for/" rel="noopener noreferrer nofollow">lert: ‘Unknown’ 37,258,567 XRP Floods Coinbase Amid Market Turbulence – What’s it For?</a> 
The post <a href="https://36crypto.com/bhutan-dumps-over-1000-btc-in-days-is-a-massive-sell-off-underway/" rel="noopener noreferrer nofollow">Bhutan Dumps Over 1,000 BTC in Days—Is a Massive Sell-Off Underway?</a> appeared first on <a href="https://36crypto.com" rel="noopener noreferrer nofollow">36Crypto</a>.

Bhutan Dumps Over 1,000 BTC in Days—Is a Massive Sell-Off Underway?

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