Bitcoin News: Bhutan Transfers 100 BTC as 2026 Outflows Top $230M

Key Insights:

• Bitcoin news: Bhutan transferred 100.44 BTC worth about $8.2 million to an unlabeled wallet on Tuesday.
• Arkham said Bhutan-linked wallets have moved over $230 million in BTC since early 2026.
• Bhutan still holds about 3,119 BTC, down from more than 13,000 BTC in October 2024.

Bhutan has moved another 100.44 BTC worth about $8.2 million, extending a steady run of state-linked Bitcoin transfers in 2026. The latest transaction went to an unlabeled wallet in three separate transfers on Tuesday. Arkham data shows Bhutan-linked Bitcoin outflows have now crossed $230 million this year. The Bitcoin news keeps attention on the country’s shrinking reserves and BTC market setup.

Bitcoin News: Bhutan Extends 2026 Bitcoin Transfers

The Royal Government of Bhutan transferred 100.44 BTC at 5:27 a.m. UTC, according to on-chain data tracked by Arkham Intelligence. The Bitcoin moved from state-linked wallets to an address beginning with “bc1qn,” a format linked to native SegWit Bitcoin addresses.

Arkham said the movement appeared similar to earlier transfers linked to selling activity. However, the latest transaction may also reflect wallet consolidation, since the funds moved from an older address format to a newer Bitcoin address type.

The destination wallet remains unlabeled. Earlier Bhutan-linked transfers later reached Binance and Galaxy Digital, while other transactions moved toward unidentified wallets tied by analysts to possible custody or over-the-counter routes.

2026 Bitcoin Outflows Cross $230M

Arkham estimates that Bhutan-linked wallets have moved more than $230 million in Bitcoin since the start of 2026. That pace puts average monthly outflows near $50 million, showing a clear reduction in the country’s tracked Bitcoin balance.

Bhutan still controls about 3,119 BTC, valued near $252 million at current prices. The reserve has fallen sharply from more than 13,000 BTC recorded in October 2024, while nearly 3,000 BTC have left tracked wallets this year.

Unlike many governments that obtained Bitcoin through seizures, Bhutan built its reserve through mining. The country used its hydropower resources to support state-linked Bitcoin mining under Druk Holding and Investments, its sovereign investment arm.

Bhutan Reserve Decline Accelerates

Bhutan’s latest transfer follows several large Bitcoin movements earlier this year. In March, blockchain trackers flagged about 700 BTC moving from wallets tied to Druk Holding and Investments, including one transfer linked to a wallet previously associated with Galaxy Digital.

The reserve drawdown has raised questions about whether Bhutan still mines Bitcoin at the same pace. Arkham has noted that the country’s last tracked Bitcoin inflow above $100,000 came more than a year ago, drawing attention to the decline in fresh reserve additions.

Despite Bhutan’s selling spree, Strategy resumed Bitcoin purchases earlier this week after a one-week pause. The company bought 535 BTC for about $43 million at an average price of $80,340 per coin. The purchase lifted Strategy’s total holdings to 818,869 BTC, bought for about $61.86 billion.

Bitcoin Price Prediction Near $82K

Bitcoin price prediction now depends on the $80,000 to $82,500 zone. BTC has traded near $81,000 while facing resistance close to the 200-day moving average, a level traders are watching for breakout confirmation.

Buyers have repeatedly attempted to reclaim the $82,000 region but momentum has weakened near that level. Volume has also remained relatively muted compared to earlier recovery attempts.

If BTC clears that resistance area convincingly, traders will likely shift attention toward the $90,000-$94,000 range.

Failure there could expose the market to another liquidity sweep lower. Analysts continue monitoring support zones near $76,000, followed by deeper areas around $73,000 and $70,000.

Bitcoin remains caught between steady institutional accumulation and continued sovereign-linked selling pressure.

The post Bitcoin News: Bhutan Transfers 100 BTC as 2026 Outflows Top $230M appeared first on The Market Periodical.