The government of Bhutan has offloaded approximately 70% of its Bitcoin portfolio since reaching peak holdings of nearly 13,000 BTC in October 2024. Current reserves sit at roughly 3,774 BTC, representing a market value of about $272.5 million.
Bitcoin surged beyond the $73,000 threshold on Friday, touching a six-week peak at $73,300 following a decisive breakout from what technical analysts had identified as a bear pennant formation on daily timeframes. The advance occurred alongside elevated trading volumes, suggesting genuine buying conviction rather than thin market manipulation.
A wave of bullish 'long signals' is gaining traction across crypto trading communities—even as the widely watched Fear Greed Index sits at 16, a level typically associated with 'Extreme Fear'—highlighting a growing disconnect between sentiment gauges and near-term positioning. The shift was captured in Tokenpost's KOL Index, a community-driven analytics series built on DataMaxiPlus technology that tracks high-engagement Telegram discussions.
CoreWeave's $8.5B loan has cemented the 'ComputeFi' model after 'MinerFi' failed in 2021.
On-chain data shows Bitcoin has been trading inside a major cost-basis cluster recently, and the latest rally hasn't taken it past the range either. Bitcoin URPD Shows Significant Supply Has Cost Basis Near Current Levels In a new post on X, analyst Ali Martinez has discussed the latest data for the UTXO Realized Price Distribution (URPD) of Bitcoin.
The kingdom's holdings have dropped from 13,000 BTC to 3,954 since October 2024, with $215.7 million moved out this year alone. Its last mining inflow over $100,000 was recorded more than a year ago.
Ethereum is holding above key price levels as the market prepares for a decisive move. The chart looks constructive.
Irans parliament speaker Mohammad Bagher Ghalibaf publicly issued demands just hours before U.S. Vice President JD Vance departed for Pakistan-brokered peace negotiations in Islamabad this weekend. Ghalibaf insisted that a Lebanon ceasefire and the release of frozen Iranian assets must be addressed before any diplomatic discussions with the United States can proceed, introducing fresh uncertainty into an already delicate situation.
The US moved seized Bitcoin into a Coinbase Prime wallet.
Bitcoin (BTC) has continued to climb in the wake of the ceasefire between Iran and the US, and it has now reclaimed the $73,000 level as geopolitical tensions cool and oil prices drop.
Analysts at investment research firm Bernstein are pushing back against growing fears that quantum computing poses an existential danger to Bitcoin. Concerns about quantum computing breaking Bitcoin's cryptography have grown following recent findings from Google researchers.
A missile launched in the Persian Gulf does not travel in a straight line toward the Sea of Oman. It travels directly to a Bitcoin trader's screen in São Paulo or Mexico City.