Bhutan’s Strategic Bitcoin Move: $60 Million Sold via Binance Amid Market Highs
The Royal Government of Bhutan has made a significant move in the cryptocurrency market by selling $60 million worth of Bitcoin (BTC) through Binance between July 10-14, 2025. This strategic divestment involved six transactions, including a single transfer of $23 million, as Bitcoin tested yearly highs. Despite this sell-off, Bhutan retains a substantial crypto portfolio, holding 11,411 BTC valued at approximately $1.4 billion. This action highlights the kingdom's active participation in the digital asset space and its approach to capitalizing on market opportunities.
Royal Bitcoin Exit? Bhutan Unloads $60 Million Worth Of BTC
Bhutan's royal government made waves in the crypto markets with a sudden $60 million Bitcoin sell-off. Between July 10-14, the Himalayan kingdom moved 512.84 BTC to Binance in six transactions, including a single $23 million transfer. The timing suggests strategic profit-taking as BTC tested yearly highs.
Despite the divestment, Bhutan maintains significant crypto exposure. Its treasury still holds 11,411 BTC worth $1.4 billion - a position that gained $73 million in value last week alone. The moves highlight how sovereign players are actively managing digital asset portfolios amid market volatility.
Spot Volume Drop on Binance Preceded Bitcoin’s Price Surge, Data Shows
Bitcoin surged to a new all-time high above $123,000 earlier today, adding more than 10% to its value over the past week. The global cryptocurrency market valuation now stands above $3.87 trillion, inching toward the $4 trillion mark.
Analysts BorisVest and Darkfost highlighted technical patterns emerging before Bitcoin's breakout. Shrinking spot volume on Binance, coupled with surging accumulation activity, may have driven prices higher. Declining volumes often signal quiet periods before significant price movements.
The rally has reignited discussions around volume dynamics and accumulation patterns. Market participants are weighing upside potential against volatility risks in uncharted price zones.
Binance Introduces Bonding Curve Model for Token Launches, Mirroring Pump.fun Mechanism
Binance has unveiled a novel token generation event (TGE) model through its Wallet platform, adopting a bonding curve structure that dynamically adjusts token prices based on real-time demand. The system, developed in partnership with meme coin launchpad Four.Meme, marks Binance's first foray into this pricing mechanism—previously popularized by platforms like Pump.fun.
Participants must lock BNB and Alpha Points to join events, with buy orders remaining non-transferable until the event concludes. The inaugural project using this model will be announced July 15 via Binance's official channels, signaling the exchange's entry into the competitive meme coin launch space where platforms like LetsBONK have recently outpaced Pump.fun in activity.
The live pricing mechanism automatically escalates token values as participation grows, creating a transparent demand-driven valuation process. This strategic MOVE positions Binance to capture retail interest in speculative assets while maintaining controlled distribution through its custodial infrastructure.
Bhutan Transfers $62M in Bitcoin to Binance Amid Market Rally
Bhutan's sovereign wealth fund moved 512.84 BTC ($62.6 million) to Binance over four days through six transactions, as bitcoin achieved consecutive record highs. The Himalayan kingdom retains 11,411 BTC ($1.4 billion) in reserves—equivalent to 40% of its GDP—primarily accumulated through hydroelectric-powered mining operations.
Druk Holdings & Investments, managing Bhutan's crypto assets, previously executed a $33 million transfer when Bitcoin approached $100,000. The timing suggests a pattern of liquidating portions of holdings during price surges. Blockchain analysts note the most recent 99 BTC transfer occurred at 2:10 a.m. ET today, following five earlier transactions to the same Binance deposit address.
Bitcoin Investors Realize $1.54B in Profits Amid Miner Sell-Off, But Bullish Trend Holds
Bitcoin's brief surge above $120,000 faltered as prices retreated below $117,000, marking a 4% decline in 24 hours. On-chain data reveals heightened miner activity, signaling potential short-term selling pressure. The Miners' Position Index (MPI) spiked to levels last seen during major sell-offs, suggesting profit-taking at elevated prices.
Despite miner outflows, CryptoQuant notes historical resilience of bullish trends when sustained demand offsets such moves. Concurrently, Binance recorded 6,000 BTC in net inflows—a reversal from recent neutral or negative flows—indicating institutional positioning rather than panic selling.
The interplay of miner distributions and exchange inflows paints a nuanced picture: while volatility persists, structural demand appears intact. Market participants now watch whether spot buyers can absorb the supply shock as Bitcoin's macro uptrend faces its latest stress test.
Bitcoin Dips To $116k: Minor Pullback Or Is The Bull Run Over?
Bitcoin (BTC) experienced a sharp 5% correction after reaching an all-time high of $122,838 on July 14, triggering a broader market pullback. Despite the dip, the cryptocurrency remains firmly in bullish territory with weekly gains of 7.1% and an 86.3% rally since July 2024.
The correction coincides with intensified whale activity on Binance, as large holders appear to be taking profits. Analysts note a critical supply gap between $110,000 and $116,000 created by BTC's rapid ascent from $108,000 to $123,000, suggesting potential for heightened volatility.
This cycle stands out for its lack of retail participation, with institutional demand through BTC ETFs driving much of the recent price action. Market observers point to macroeconomic factors—including unchanged Federal Reserve rates and geopolitical tensions—as contributing to the current market dynamics.
