CandleFocus Bitcoin Profit-Taking Continues as BTC Price Nears High. Is Bhutan Next to Sell?
2024-10-30
Author: Content Editor
The government of Bhutan has deposited nearly 1,000 bitcoin ($65 million) into a deposit address on crypto exchange Binance. This move has sparked speculation that the Bhutan government is considering selling some of its bitcoin holdings, which could potentially impact market prices. Bhutan emerged as a BTC whale earlier this year after it was identified as an official holder of BTC, with holdings representing nearly a third of its GDP. The country's bitcoin investment is part of a strategy to diversify revenue streams, and recent wallet activity shows both deposits and withdrawals. The move by Bhutan is part of a broader trend of profit-taking among whales as the price of bitcoin nears its record high.
Related News
Ethereum (ETH) Price Climbs as 361,000 ETH Exits Exchanges Celestia (TIA) Set For Major Breakout? Top OTC Exec Warns Of Supply Shock Coinbase Pours $25M More Into Fairshake as CEO Armstrong Says 'We’re Not Slowing Down' Coinbase is ‘prepared to work’ with either Harris or Trump presidency Solana (SOL) Price Sends Mixed Signals Amid Weakening Uptrend 5 Key Metrics Indicate Solana Price Will Hit New All-Time Highs What Is Chainlink Runtime Environment and Its Role in Blockchain? UK Crypto Community at Risk as Potential Capital Gains Tax Hike Looms Coinbase shares drop after-hours on Q3 earnings miss Elon Musk Reveals Investigation Into Kamala Harris Campaign, Here's Why Canary Capital makes its move for a spot Solana ETF in latest filing to the SEC Robinhood's Q3 crypto trading volumes increase to $14.4 billion, more than double from last year Kazakhstan CBDC pilot drastically reduces VAT refund wait Top 5 Politicians Opposing Cryptocurrency In The USA BREAKING: Canary Files Solana Spot ETF Application How These Key Developments Could Spark A New Era For NEAR US government trades Aragon’s ANT tokens for ETH ahead of planned token burn Malicious smart contract causes $2.8M in SUN token losses on Arbitrum Coinbase Shares Slump After Big Q3 Earnings Miss on 'Softer' Market Condition ? US Treasury Department Releases 132-Page Report on Bitcoin and Cryptocurrencies – Here’s What You Need to Know in a Summary Bitcoin Price Analysis: Does BTC Have Enough Strength to Chart New ATH This Week? XRP ETF Race: New Filing Acknowledged by SEC Ripple Price Analysis: How Low Can XRP Go if it Loses the $0.5 Support? Rising Exchange Supply Adds Pressure to Toncoin (TON) Price Riot Platforms cuts hash rate outlook, posts $154 million net loss in Q3 earnings MyTrade Head First to Plead Guilty Among Group of Firms Accused of Gaming Markets GRASS becomes 'most distributed' Solana airdrop as nearly 1.5 million addresses claim tokens Massive BTC Accumulation Continues: Whale’s 2-Week Haul Reaches $144M Investment Officer of a Giant Company: “Bitcoin Will Soar Anyway After US Elections, But Altcoins…” 5% of US voters identify as single-issue crypto voters — Paradigm poll DePINS In Detail: Understanding The Matchmaking Process At The Heart Of Node Selection Can SUI Reach $2.18? Bullish Pressure Builds Toward Key Milestone Nishad Singh avoids prison sentence for role in FTX Analyst Predicts Ideal DCA Strategy Before Toncoin Price Hits $10 Scaramucci on Bitcoin Price: "It's Still Very Early" Bitcoin Volatility Surges in Japan: BTC-JPY Outpaces BTC-USD Ethereum price briefly touches $2,700 as ETH comes to life Huge “Golden Cross” Alarm in Bitcoin: Analysis Company Announced GDP estimates boost hopes for a soft landing MATIC Price Tests $0.30 Support; Will the Trend Reverse? Bitcoin eyes breakout; DOGE, POPCAT, SPX lead weekly gains Roland Emmerich Details Plans for ‘Space Nation’ TV Show Tied to Ethereum Game Centralized stablecoins may pose risk to DeFi — Curve Finance founder MicroStrategy Plans to Buy $42 Billion Worth of Bitcoin Solana welcomes PARAVOX as shooter secures $4.5M for blockchain expansion Liquidity Outflow Casts Doubt on MEW’s $0.011 Comeback Bitcoin traders take a breather as BTC price metrics hint new highs are incoming 3 Crypto Stocks to Look Out for as Bitcoin Continues to Gain Anchorage Digital Introduces Porto Self-Custody Wallet for Institutional Investors New AI, same Apple: Are users finally getting what they asked for? Analytics Company Reveals What to Watch in Bitcoin and Cryptocurrencies in the Days Ahead 5 DePIN Altcoins to Watch in November 2024 Kraken sheds 'organizational layers' as board member Arjun Sethi steps up as co-CEO XRP Ranked Second Largest Crypto 10 Years Back on This Date: Details Algoz taps Wincent to streamline its fiat-to-crypto onboarding process Nairobi Securities Exchange teams up with Hedera to boost Kenya’s tokenization Bitcoin Whale Accumulates 600 $BTC, Taking Holdings to $144.82M in 2 Weeks Could Trump’s World Liberty stablecoin compete with Tether and USDC? Report scrutinizes impact of inclusions lists on Ethereum’s credible neutrality CyberCharge Introduces Decentralized Energy Through Engaging Apps on Solana Microsoft Stock Soars as Bitcoin Buy Proposal Voting Begins! Buy signal for two strong cryptocurrencies this week Jito opens re-staking deposits with $25M initial limit Here's why this analyst is 'feeling super bullish' on altcoins Ethereum Begins Its Bullish Climb to $2,800 High XRP Lawsuit: US Court Orders Ripple To Consider "Alternative Resolution'" New Privacy-First ID Solution for Web3: Instruxi Collaborates with Chainlink and Partners Axie Infinity Brings Back Manager-Scholar Program with New Delegation System PONKE Memecoin Eyes Major Milestones with New Utility-Powered PonkeSwap DEX African Telegram Crypto Communities Have Grown 183% Since 2023: Bitget Litecoin’s Long-Term Holders Rank 2nd Only to Bitcoin, Beating Ethereum Teen handed PlayStation online ban for allegedly sending Al Qaeda crypto Institutional Investors Position for Bitcoin Volatility Into the U.S. Election 3 Top Reasons XRP Price Will Skyrocket in November Price analysis 10/30: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB Long-Term Utility Helps SquidGrow Stand Out in the High-Risk-Quick-Profit World of Meme Coins Why Goatseus Maximus (GOAT) Price May Hit $1 in November? Maker’s (MKR) 10% Surge Might Not Overcome the Threat of Long Liquidations Crypto Analyst Says Bitcoin Price Is Approaching Strongest Part Of The Bull Run, Here’s The Target Macro Guru Lyn Alden Reveals Top Asset Pick for 2025 As US Comes Out of ‘Peak Credit Tightening’ Phase US Treasury says stablecoin growth is increasing demand for T-bills Solana scaling infrastructure developer Nitro Labs raises $4 million in seed funding Michael Saylor posts fake quote from Trump on crypto to 3.6M followers MrBeast investigated for ties to 50+ crypto wallets linked to potential insider trading Telegram Coin Notcoin (NOT) Shed 20%, but Breakout Could be Close Reddit Dumped Most of Its Bitcoin Well Before 'Uptober' Pump Post-election regulatory environment is more important for Ethereum, altcoins: Bitwise CIO 2 alternative stablecoins for 2025 as USDC raises redemption fees again 290 Million DOGE Stun Robinhood Ahead of Predicted Parabolic Run Bitcoin analyst sees ‘scary’ BTC price upside as funding flat at $73K Fortune Claims Polymarket Is 'Rife' With Wash Trading Raydium passes Uniswap to rise as the busiest DEX on meme token frenzy NYSE seeks to list Grayscale crypto index ETF Degens Are Searching for Further Leverage on MicroStrategy and Winning Massively Bitcoin technical indicator predicts BTC cycle peak in $174K–$462K range =nil; Foundation launches testnet looking to tackle scalability and fragmentation issues on Ethereum Libeara, FundBridge launch onchain US Treasurys fund Shiba Inu (SHIB) Asks Binance One Question 88.9 Trillion Shiba Inu (SHIB) Sell Wall Spotted, Is This Bad? Lovers vs. haters: The 10 most pro- and anti-crypto politicians in the US 5 metrics suggest Bitcoin price will break new all-time highs Decentralized AI takes on trust and privacy at OriginTrail’s DKGcon 2024 How Public Blockchains Will Catalyze Institutional DeFi Adoption Ether Gains 2.5%, Primed for More Upside as Negative Sentiment Leads to Dangerous Short Skew Venn Network Aims to Solve DeFi's Hacking Problem With More Decentralized Tech Wall Street's Billionaire CEO, Who Donated the Most to Trump, Reveals His Bitcoin Portfolio! How Much BTC Does He Have? Ripple Swell: CEO & Dan Morehead on Future of Blockchain $91 Million Bitcoin (BTC) Withdrawal Stuns Major Crypto Exchange Binance 5 Reasons Bitcoin Price Surge Isn’t Stopping Anytime Soon Flow Traders joins Wormhole’s solver network Felix teams up with Zero Hash for improved WhatsApp-based payments Toncoin (TON) Price Prediction for October 30 Dogecoin (DOGE) to Moon? Major Meme Coin on Verge of Parabolic Bull Run How To Use Polymarket In The United States: Step-by-Step Guide ‘It’s Happening’: Top Analyst Predicts Incoming Parabolic Rally for Bitcoin – Here’s His Target Solana Completes Golden Cross, But SOL Price Takes Dip SHIB Price Prediction for October 30 BOB Becomes First Bitcoin Layer-2 Project to Join Optimism's 'Superchain' Why These Altcoins Are Trending Today — October 30 Surprise Altcoin Announces Partnership with Company Managing Over $1 Trillion in Assets! South Korea’s Virtual Asset Committee to Tackle Corporate Crypto Investment Polkadot is primed for a breakout, popular crypto analyst says Shiba Inu To Its Rival: “SHIB Ready to Conquer the Virtual World” BNB Chain Supports 35 New Web3 Projects Denmark Records Developments with 42% Tax on Unrealized Crypto Gains and Reporting Rules Liquidity Leasing Platform Glif Announced The Airdrop Of 100 MillionGLIF Flare introduces flrETH: a high-yield liquid Ethereum staking token on Flare Gold vs. Bitcoin: A hard money showdown in uncertain times Nishad Singh receives FTX chief’s support ahead of today’s sentencing 'ETH is Not Dying' Analyst Benjamin Cowen Shares Hot Take Hong Kong stablecoin FDUSD expands to Solana Mask Network token surges; open interest hits 7-month high Crypto-Backed Cloud-Storage Platform Storj Promotes Colby Winegar to CEO Ika Launches on Sui, Revolutionizing MPC Solutions Across Blockchain 2 Bitcoin mining stocks not to ignore amid growing AI demand 'Samurai Shodown R' Launching on Sui Network and SuiPlay0x1 Handheld Bitcoin rides another trend in M2 money supply expansion HBAR Foundation Joins Chainlink Scale Deepens Long-Running Collaboration Between Chainlink and Hedera Ecosystems Will Dogecoin (DOGE) Remove Zero in This Cycle? There's Possibility Privacy Blockchain Project Nillion Raises $25M to Expand 'Blind Computing' Trump Vows to Remove SEC’s Gensler, Supports Pro-Crypto Shift Crypto Greed & Fear Index Almost at Extreme Greed Bitcoin Price Achieves New ATH Against Euro, Surpassing €68,000 for First Time PayPal’s Crypto Holdings Decline as Bitcoin Gains Institutional Interest Amid Weak Retail Demand Cardano (ADA) Bulls Ignite Momentum to Recapture 2024 Highs Animoca Brands explores the new tokens listed on exchanges in 2024 SOL's Bullish Run Hits 3-Month Peak at $183; Pullback Ahead? ‘Hawk Tuah’ crypto token soars nearly 50% in a month Dogecoin (DOGE) Rockets 48% in October, But Beware, Warns Top Influencer MICHI monthly gains surpass 66% as whale activity intensifies FIA Urges CFTC Action As CME Gains Approval for Futures Commission Role New Trend Artificial Intelligence: Another AI Bot Became a Millionaire! Turned $1,500 Into $1.88 Million in 5 Hours Thanks to This Altcoin! Bitcoin Tests All-Time High: Analysts Predict Potential Pullback and Consolidation Bitcoin Approaches All-Time Highs as Daily OTC Desk Inflows Drop to Year's Lows: CryptoQuant Cardano Bull Gambardello Agrees DOG on Bitcoin Will Outperform ADA This Season Democratic trifecta state rumored to introduce a Bitcoin Rights Bill Bitcoin Faces Potential Volatility Amid Price Correction Emerging Cryptos: PEPE, WIF, FLOKI, POPCAT, SUNDOG Price Analysis Whales accumulated $1.6b in ETH in 7 days, exchange outflows surge Is a Gamestop-style gamma squeeze fueling bitcoin’s rally? Ripple to unlock 1 billion XRP this Friday (November 1); What’s next? Here’s Why Celestia (TIA) Might Struggle to Stay Above $5 After $890 Million Unlock LUNC Eyes Breakout as Analysts Predict Bullish Potential Post-Burn Nairobi Securities Exchange Joins Hedera Council to Advance Tokenized Securities The Ideal Web3 Game Must Have Web2-Style Gameplay The UX-compliance dance: A blueprint for crypto’s success | Opinion Crypto Market Sees $1.25 Billion in Liquidations Amid Volatility ? Ripple Swell: 2025 Roadmap Showcases New XRP Product Suite GRASS Price Surpasses $1 After Listing, Leading DePin Trading Volume Digital Asset Platform Matrixport Evaluates the Impact of Trump's Possible Victory in the US Elections on Bitcoin! Here Are the Details Crypto Council for Innovation boosts its staking advocacy through new partnerships with the Proof of Stake Alliance, others XRP Shows Worst Performance in Top 10 of Crypto Market Harris vs Trump: Who is the crypto industry backing? SUI Breaks Bear Trap, Targets New Gains Bitcoin Needs Daily Close Above $76,000 To Confirm True Breakout: Analyst Artemis Coin Presale Triumph: $680K Raised and 7 Exchanges Secured Epic Bitcoin Prediction Issued by OG Bitcoiner Erik Voorhees AI predicts DOGE price for year-end Africa Crypto Surge Hits 189% as Youth Choose Telegram over Traditional Banking Russian authorities target rising home crypto mining operations Bitcoin well-positioned to hit $100K by January 2025 — 10X Research Taiwan’s financial watchdog to expand oversight of crypto exchanges: report CoinDCX unveils decentralized custody solution following WazirX hack Bitcoin Is Having Its Best Year Ever Gold hits record demand as Bitcoin pulls off last-minute Uptober rally Bitcoin Exchange OKX Announces It Has Delisted Numerous Altcoin Trading Pairs! Synthetix Eyes Acquisition of Former Spin-Off Kwenta to Bolster DeFi Derivatives SHIB Soars 436% in Burn Rate As Shytoshi Kusama Makes Epic Statement As Ethereum Eyes $2,750 Breakout, Analyst Predicts Further 124% Rally for ETH Analyst Says Solana Bull Flag Could Lead to 400% Gains, Targeting $829 Tucker Carlson: Bitcoin Must Be Easier for Financial Freedom Will Chainlink Price Skyrocket Above $15 This Week? Decentralized network Uplink tops 40K routers, targets lower internet costs Dogecoin (DOGE) Bull Rally May End Soon, Here's Why Daily Market Review: BTC, ETH, SUI, SEI, MKR Ukrainian Organization Sold the Memecoins Donated by Ethereum Founder Vitalik Buterin and Bought This Altcoin Instead! Shiba Inu Price Could Hit $0.000081, Analyst Explains Why? Pump.fun earned over 1m Solana, ecosystem market cap reaches $2.3b Chainlink CCIP Powers Cross-Chain $ETH Staking for Lido Consumers on L2 Networks Bitcoin Price Nears ATH on ETF Boost, But Market Top Looms Over BTC Bitcoin Profit-Taking Continues as BTC Price Nears High. Is Bhutan Next to Sell? Pyth flips Chainlink in 30-day volume, Chronicle CEO weighs in Analyst Shares Shiba Inu 2024 Final Prediction, Says SHIB Breakout is Imminent Riot stocks poised for a comeback ahead of Oct. 30 earnings release Will a Flag Breakout Rally Boost SUI by 52% to Hit $3.112? No Bitcoin (BTC) Left? Exchange Reserves Print New Low Amid Market Rally GCEX Partners with RULEMATCH to Offer Crypto Trading Access for Institutional Clients Giant Company Sold Bitcoin (BTC) and Bought This Altcoin Instead! Thai Immigration authorities crack down on $620K cross-border crypto scam Top 10 Polkastarter IDOs Display Remarkable Returns on Investment Will Shiba Inu rally 50% after breaking key resistance? Bitcoin Came $150 Away From New All-Time High, SUI Explodes 12% Daily (Market Watch) AAVE set for potential reversal as whales take profits from recent gains VanEck to Offer Solana Staking to Institutional Investors As Bitcoin Reclaims $73K, Analyst Sets Potential $462K Top, Citing Historic Fibonacci Levels 88K in Sight? Bitcoin’s Technical Breakout Sets New Price Target for December Dogecoin (DOGE) 28% Price Surge Puts It on Track for a New 2024 High Analyst Identifies Bullish Shiba Inu Head and Shoulders Pattern: Here are 3 Upside Targets Bitcoin miner Northern Data cleared as ex-employees withdraw whistleblower claims Tether Mints 1B USDT on Tron, as Market Demand Spikes Popcat’s Path to $2.5: Analyzing Recent Price Movements and Market Sentiment OKX Mini Wallet Now Supports DApp Interactions on Telegram XRP gains nearly 2%, Ripple CTO says: Nothing on XRPLedger can move without XRP Another MicroStrategy ETF Now Offers 4X Bitcoin Exposure Massive Whale-Watch: ONDO, SAFE, and ZETA Enter the Accumulation Zone Shiba Inu Lead Shows SHIB 33,774,726% Surge, Outperforming BTC and Other Assets in the Last Decade GSR Markets Withdraws $4.3 Million in NEIRO Coins Buy Sui (SUI): November 2024 Price Prediction For the 'Solana Killer' Reveals As Bitcoin Nears Record Highs, $500B Missing from Altcoin Markets SUI up over 10%, analyst eyes $6 if this happens Pepe signals further gains on demand resurgence: What’s next for PEPE price? BTC price sets €68K euro all-time high as Bitcoin bulls eye gold next XRP Price on The Verge: Can It Shake Free and Surge Ahead? Bitcoin Forms Golden Cross with MVRV Ratio, Analysts Expect Further Uptrend to $148K Bitcoin SV Breaks Resistance: Analyst Predicts Rally to $408 Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC surges above $72,000, targets all-time high BTC Breakout Alert: Broadening Wedge Points to $88,000 – $90,000 Midterm Highs Cardano Price Prediction Just Changed As Analyst Calls For $8 By 2025 Bitcoin Breaks $71,000 as Michael Saylor Reaffirms Bullish Outlook Solana price forms rare bullish pattern, closes the gap with Ethereum Crypto in 2024: Meme Coins, AI Thrive While Metaverse Struggles Polkadot (DOT) Price Analysis: Can DOT Climb Higher? MANTRA Whales Accumulating As MANTRA OM Price Rises PEPE Becomes First Memecoin Listed in Japan on BITPoint XRP Price’s 18% Crash Recovery in Peril as Bullish Strength Fades Here Is the Only Reason XRP Price Will Explode Bitcoin Price Nears All-Time High: Can It Push Past the Mark? Cardano price prediction: will this ghost chain rebound? Ethereum Price Lags While Bitcoin Moves Toward New ATH A16z: Only 10% of Crypto Owners Are Actively Using It International Sting Unravels Malware Stealing Crypto and Financial Data Bitcoin set sight on new all-time high after briefly breaking past $73,000 CZ Sparks Gold ETF Discussion: History, Growth, and Leading Funds XRP Surges: 4-Day Bullish Streak Sparks $4 Target Prediction Pundit Mentions 4 Altcoins to Do Extremely Well Like XRP, Cardano Previously Did Shiba Inu Whale Transactions Jump 341%, Price To Follow Suit? RWA sector could reach $600B in next five years: BCG John Deaton Challenges Ex-SEC Attorney Over Ripple Investors 'FOMO confirmed' — BlackRock Bitcoin ETF clocks biggest trading day in 6 months Bitcoin approaching new all-time high still hasn't woken up retail investors Terminal of Truths Developer Moves All His Goat Tokens After X Account Hack Nets $600,000 Guru Network Tops Crypto Daily Gainers Ethereum Price Surge: Key Drivers and What Lies Ahead for ETH Is Shiba Inu (SHIB) Uptrend Over? Solana (SOL) RSI Paints Problematic Pattern, Bitcoin's (BTC) Next Resistance: $84,000 5 Real World Assets (RWA) Altcoins to Watch in November Will AAVE Price Delay $200 Breakout as Whale Begins Profit-Taking? Analyst Forecast Final Dip For Pepe Coin Price Before 30% Surge Dogecoin Founder Reveals Why He Wants Donald Trump To Win What’s Behind The Crypto Market Surge Today? Hong Kong regulators assure more crypto exchange approvals before year end Bitcoin Soars to $73K: Can BTC Hit a New ATH of $82.3K? Banco Bisa Introduces Bolivia’s First Regulated Crypto Custody Service Using Tether ‘Tomarket’ Telegram Game Selling Airdrop Booster Ahead of Token Launch Breaking: CLS Global Pledges Cooperation As US SEC, FBI, DOJ Probe Crypto Operations