Bhutan Don Sell 2,584 Bitcoin Inside Volatility, Dem Use Water Power For Their Crypto Plan
Bhutan, wey pipo sabi well well for dia green hydropower wey plenty, don join hand enter inside cryptocurrency market. Since 2019, di country moni bank wey dem call Druk Holding and Investments don mix cryptocurrencies, especially Bitcoin, enter dia portfolio, wey dem take money from mining to take support government spending. Recently, Bhutan kway kway sell 2,584 BTC for about 40 days, and dis big move don make crypto traders and finance experts eye dem. Dis big sale show sey dem sell plenty of di digital property wey di country get, and e happen at di same time wey di global crypto market dey shake well well. Nobody know why dem sell dis Bitcoin, but when government like dis do big tin like dis, e fit affect how stable BTC price dey and how pipo feel about am for short time. Wetin Bhutan do no just show sey more big organizations dey enter crypto trading, but e also show sey government fit manage crypto property amidst market wey no stable. Traders suppose watch out for any other big Bitcoin transfer or government activities wey fit affect how Bitcoin price dey move.
Bearish
Di big sale wey Bhutan government money fund do, wey dem sell 2,584 BTC, don put serious pressure for market now wey things dey shake. When government plus big companies dey sell like this, e dey make market no stable for short time, and e fit make price drop down as traders dey fear say dem fit still sell more. Although Bhutan still dey do crypto and dem dey use water power, wey show say dem get confidence for long time, wetin go happen now now when dem sell plenty Bitcoin like this usually bad for market mood and price stability. So, for short time, market fit go down (bearish), especially for traders wey dey watch big Bitcoin wallet movements well well.