Bhutan has shifted over $107 million worth of Bitcoin this week, raising questions about possible market impact just as the U.S. Federal Reserve delivered its first interest rate cut of 2025. Blockchain data shows the government-linked wallet moved 913 BTC into two new addresses, while still holding nearly 9,652 BTC valued at more than $1.1 billion.
The timing of the transfer coincides with renewed whale activity. An unknown long-term holder, dormant for 12 years, moved $116 million in BTC just before the Fed meeting. With the benchmark rate lowered by 25bps, analysts warn of short-term volatility. Historically, crypto markets have seen 5–8% pullbacks immediately after rate cuts, followed by a resumption of bullish momentum.
Despite near-term risks, outlook remains constructive. Analysts suggest Bitcoin could consolidate before advancing toward the $123K–$150K range, while Ethereum and Solana may outperform in the short term on ETF-driven inflows and network upgrades. For Bhutan, the move underscores its growing role as a sovereign crypto player, leveraging mining and reserves to diversify economic strategy while navigating global market cycles.
