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Bhutan Aggressively Dumps $110 Million in BTC, On-Chain Data Points to Major Players Cashing Out!
Just transferred approximately 519.7 BTC. Last week sold $72 million worth. Transfers accelerating over the past two weeks, with single transactions reaching 500-1,000 BTC each, deeply associated with QCP Capital, indicating they're looking to cash out off-exchange.
From October last year to now, Bhutan's holdings have been slashed from a peak of 13,000 BTC down to just approximately 4,450 BTC remaining, a cumulative reduction of over 65%.
BTC-2,88%
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