The Bhutan Government is slicing its Bitcoin holdings once more as the BTC value weak spot continues. Today, the Royal Government of Bhutan diminished its Bitcoin stash to five,600 BTC, valued close to $385 million. The transfer comes as market sentiment worsens, with CoinMarketCap’s Fear & Greed Index falling to eight, even as Bitcoin confirmed a slight restoration.
Bhutan Government Reduces Bitcoin Holdings
Arkham Intelligence information exhibits the Bhutan Government transferred 100 BTC, price about $6.77 million, to QCP. Notably, this switch follows a rise in on-chain exercise linked to Bhutan wallets, suggesting that they’ve offloaded these cash.
The Royal Government of Bhutan now holds 5,600 BTC, down from a peak of 13,295 BTC in October 2025. This means Bhutan has diminished its Bitcoin holdings by practically 60% inside simply 4 months.
However, some transfers have raised hypothesis with out clear affirmation of direct promoting. As Coingape reported just a few days in the past, there have been a number of Bitcoin transfers from the Bhutan government resulting in contemporary market scrutiny, though on-chain data confirmed transfers to unknown wallets as an alternative of confirmed alternate addresses.
Even so, the regular discount has positioned Bhutan’s Bitcoin exercise again into focus as the BTC value stays below stress. That stress has additionally appeared throughout broader market sentiment indicators.
Standard Chartered Predicts BTC Price Drop to $50,000
Standard Chartered has now reduce its Bitcoin value forecast for the second time in below three months. The financial institution warned that Bitcoin might fall towards $50,000 earlier than recovering later. Geoffrey Kendrick, Standard Chartered’s international head of digital belongings analysis, wrote that the financial institution expects additional capitulation over the approaching months.
This comes as Glassnode flagged a structural weakness in Bitcoin, with the likelihood that the BTC value might crash to the realized value of $55,000. Analyst Benjamin Cowen warned that the main crypto might drop beneath the realized value and crash to as low as $40,000.
Meanwhile, Standard Chartered now expects Bitcoin to finish 2026 at $100,000, down from its prior $150,000 estimate. In December, Standard Chartered had already diminished its 2026 goal from $300,000. Kendrick linked the most recent downgrade to ETF outflows and weaker macro situations.
Notably, Kendrick stated Bitcoin ETF holdings have dropped by practically 100,000 tokens for the reason that Oct. 10 peak. He additionally famous the common ETF purchaser now holds losses, with an entry value close to $90,000.
Bloomberg information additionally confirmed buyers pulled practically $8 billion from U.S.-listed spot Bitcoin ETFs for the reason that Oct. 10 selloff. Standard Chartered additionally reduce its Ether forecast, reducing its end-2026 goal to $4,000 from $7,500. They predicted Ether might drop towards about $1,400 earlier than any sustained restoration.
