BTC SegWit transfers from Bhutan dey signal $237M drawdown, dem get plan to sell
Bhutan don move about 90 BTC (around $7M) go SegWit addresses, add to bigger pattern of people dey sell. Since 2026 begin, Bhutan BTC wey dem transfer go SegWit reach roughly $237.39M, and wetin still remain for BTC value na about $234.03M. Arkham data dey show say these coins fit dey prepared for sale or dem dey rearrange inside their internal custody.
For traders, the main sign na steady months-long drawdown, no be one-off transfer. Bhutan BTC balance don fall about 66% from estimated late-2024 peak near ~13,000 BTC to ~4,973 BTC. The reported selling pressure dey linked to Druk Holding & Investments (DHI), wey dey shift from accumulation to converting digital assets to fiat to fund domestic needs.
If the pace continue, the report estimate say Bhutan fit finish the remaining reserves around October 2026, though timing go depend on BTC price and whether dem go keep small strategic reserve. The article add say government reportedly sell about $40M in BTC early April, and tracked wallets reportedly hold ~6,000 BTC end of 2025.
Near-term impact: more attention to sell-side supply and possible volatility for BTC levels wey liquidity dey affect, especially if more withdrawals to SegWit continue.
Bearish
Arkham-linked flows dey show say Bhutan dey do months-long BTC drawdown through transfers go SegWit, we market people usually interpret as them dey prepare to sell or do internal restructuring wey dey happen before sell-side liquidity. The reported drop for Bhutan BTC holdings by about ~66% from a late-2024 peak, plus the estimated risk say the reserves fit last only until around Oct 2026, dey increase the chances for sustained sell pressure instead of just one-off liquidity event. Even though some observers see am as monetizing gains while keeping some strategic exposure, the near-term trading takeaway na higher awareness of sell-side supply and possible BTC volatility at liquidity-sensitive levels.