Bhutan transfers $107M Bitcoin as whales stir after Fed cut
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Analysts are warning of a potential investor “recalibration” for short-term market volatility, which has historically occurred after previous US interest rate cuts.
The Royal Government of Bhutan transferred more than $100 million worth of Bitcoin this week, raising concerns about potential sell pressure in the market just as the US Federal Reserve delivered its first interest rate cut of 2025.
The Bhutan government-labelled wallet moved 913 Bitcoin (BTC) worth around $107 million into two newly-created cryptocurrency wallets on Thursday.
The wallet still holds a total of 9,652 Bitcoin worth over $1.1 billion, according to blockchain data platform Lookonchain.
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