Bhutan Has Added to 3-Week Bitcoin Selling as BTC Price Drops Below $67k

TheNewsCryptoPublished on 2026-02-13Last updated on 2026-02-13

Abstract

Bhutan has continued its three-week pattern of selling Bitcoin, offloading an additional $6.7 million worth of BTC. The nation still retains a significant holding of approximately $372 million. This selling activity coincides with BTC's price dropping below $67,000, currently trading around $66,483. A potential reason for the sales is a slowdown in mining speed following the April 2024 halving. Despite the price drop and warnings of potential short-selling pressure from firms like Goldman Sachs, overall market sentiment for Bitcoin's future remains bullish. Projections suggest a potential 32.61% price jump to $88,200 in the next three months, with institutions like JPMorgan citing strong fundamentals and rising institutional inflows.

Bhutan just sold more Bitcoin tokens in continuation of its 3-week selling pattern. The country still holds a considerable amount of the flagship token. The move has triggered speculation, considering BTC price has dropped below $67k. Nevertheless, sentiments for the future of bitcoin are bullish.

Bhutan Sells More Bitcoin Tokens

A report by Arkham, shared on X, has highlighted the sale of BTC worth approximately $6.7 million by Bhutan. This is in addition to the tokens the nation has sold in the last 3 weeks. Bhutan earlier reportedly sold around $100 million worth of Bitcoin tokens in September. It has continued to shed its holdings since then.

Arkham has further reported that Bhutan still holds around $372 million in BTC in identified wallets.

A possible ground for this move is believed to be the slowing mining speed since April 2024, which is when the halving process happened. This contradicts the estimated generation of 600MW of BTC mining power by Bhutan in association with Bitdeer Technologies.

Notably, Bhutan was last reported to have sold $22.4 million in BTC, with sovereign crypto holdings dropping over 70%.

Drop in BTC Price

BTC price is hovering below $67k, currently trading at $66,483.48. It is down by 0.64% over the last 24 hours and up by 2.43% in the last 7 days. Bitcoin tokens dropped sharply in early February 2026, losing the momentum to an extent that it briefly exchanged hands at $62,704.45 on February 06, 2026.

Goldman Sachs has warned of short selling pressure if the equity selloff does not cool down. A report by Yahoo Finance has stated that almost $80 billion of additional selling could happen over the next month. It added that BTC might come under pressure via declined risk-taking, along with portfolio deleveraging.

What’s Next for BTC?

BTC prices are still rising with an optimistic sentiment when it comes to their values. The next 3 months itself are projected to record a jump of 32.61%. Thereby taking bitcoin as high as $88,200. BTC price prediction has been laid out amid media to high volatility, currently very high at 12.19%.

JPMorgan was last seen supporting bullish sentiments around the dominant token. It attributed the possibility to two factors, namely, stranger fundamentals and rising institutional inflows. BTC momentarily gained 0.8% before retracing its steps to a lower level.

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TagsBhutanBitcoinBTC price

Related Questions

QWhat is Bhutan's recent action regarding Bitcoin and how much did they sell in the latest transaction?

ABhutan has continued its 3-week selling pattern by selling Bitcoin tokens worth approximately $6.7 million in its latest transaction.

QWhat is the total value of Bitcoin that Bhutan still holds in its identified wallets, according to Arkham?

AAccording to Arkham, Bhutan still holds around $372 million in Bitcoin in its identified wallets.

QWhat is one possible reason suggested for Bhutan's decision to sell its Bitcoin holdings?

AA possible reason for Bhutan's selling is the slowing mining speed since the Bitcoin halving process in April 2024.

QWhat was the specific BTC price mentioned in the article and what was its 7-day performance?

AThe BTC price mentioned was $66,483.48. It was down 0.64% over the last 24 hours but up 2.43% over the last 7 days.

QWhat is the projected price increase for Bitcoin over the next 3 months according to the article's sentiment?

AThe article projects a jump of 32.61% for Bitcoin over the next 3 months, potentially taking its price as high as $88,200.

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363 Total ViewsPublished 2025.05.13Updated 2025.05.13

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