JUST IN: Bhutan moves more Bitcoin, signaling potential selling
What is happening? $PEPE
• ~$38M BTC transferred to new addresses
• Some funds interact with QCP Capital
• Follows $72M in transfers last week
• Outbound activity increasing over 2 weeks $BTC
What this suggests:
• Possible government profit-taking 📉
• Gradual selling in $5–10M clips $DOGE
• Potential short-term supply pressure
Context:
• Holdings now ~4.45K BTC
• Down from ~13K BTC in October
• Heavy selling previously seen in Sep 2025
📊 Market takeaway:
Short-term bearish pressure possible, but scale remains modest relative to global BTC liquidity.