The Bhutan Authorities is chopping its Bitcoin holdings once more because the BTC value weak spot continues. Immediately, the Royal Authorities of Bhutan decreased its Bitcoin stash to five,600 BTC, valued close to $385 million. The transfer comes as market sentiment worsens, with CoinMarketCap’s Concern & Greed Index falling to eight, whilst Bitcoin confirmed a slight restoration.
Bhutan Authorities Reduces Bitcoin Holdings
Arkham Intelligence information reveals the Bhutan Authorities transferred 100 BTC, value 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 Authorities of Bhutan now holds 5,600 BTC, down from a peak of 13,295 BTC in October 2025. This implies Bhutan has decreased its Bitcoin holdings by almost 60% inside simply 4 months.
Nevertheless, some transfers have raised hypothesis with out clear affirmation of direct promoting. As Coingape reported a number of days in the past, there have been a number of Bitcoin transfers from the Bhutan authorities 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 because the BTC value stays underneath strain. That strain has additionally appeared throughout broader market sentiment indicators.
Customary Chartered Predicts BTC Worth Drop to $50,000
Customary Chartered has now minimize its Bitcoin value forecast for the second time in underneath three months. The financial institution warned that Bitcoin might fall towards $50,000 earlier than recovering later. Geoffrey Kendrick, Customary Chartered’s world head of digital property analysis, wrote that the financial institution expects additional capitulation over the approaching months.
This comes as Glassnode flagged a structural weak spot in Bitcoin, with the chance that the BTC value might crash to the realized value of $55,000. Analyst Benjamin Cowen warned that the main crypto might drop under the realized value and crash to as little as $40,000.
In the meantime, Customary Chartered now expects Bitcoin to finish 2026 at $100,000, down from its prior $150,000 estimate. In December, Customary Chartered had already decreased its 2026 goal from $300,000. Kendrick linked the newest downgrade to ETF outflows and weaker macro circumstances.
Notably, Kendrick stated Bitcoin ETF holdings have dropped by almost 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 almost $8 billion from U.S.-listed spot Bitcoin ETFs for the reason that Oct. 10 selloff. Customary Chartered additionally minimize 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.
