Bhutan’s $14M Bitcoin Move on Binance Sparks Market Frenzy—Is the Kingdom Cashing Out?
Rumors swirl as Bhutan makes a jaw-dropping crypto play.
The Himalayan HODL Shakeup
A sudden $14 million Bitcoin transfer from Bhutan-linked wallets to Binance has traders asking: Is the famously secretive kingdom pivoting from diamond hands to profit-taking? The timing—amid BTC's volatile summer—reeks of either genius or desperation.
Ghost Chain or Government Play?
With zero official confirmation, analysts are torn. Some see a sovereign wealth rebalance; others suspect a whale masking as a nation-state. Either way, the move lit up crypto Twitter faster than a Satoshi-era mempool.
Cynic's Corner
Because nothing says 'financial innovation' like a monarchy potentially front-running retail investors. Stay tuned—this could be the most bullish (or bearish) thing to come out of Bhutan since gross national happiness metrics.
Bitcoin price chart, Source: CoinMarketCap
At the time of writing this, bitcoin is trading at $107,745 with a mere weekly gain of 5%. The uptick was observed on June 24 itself, the rest of the week BTC has traded sideways in the range of $107,750 to $165,000.
Also Read: Crypto Price Today (June 30): Market Sees $222M Wipeout as Bitcoin, Altcoins Slip
