ZelebobaArb

Bhutan transferred 137 Bitcoins to Binance.
The wallet of the Bhutanese government can be viewed here https://intel.arkm.com/explorer/entity/druk-holding-investments

#BTC #short

BTC

It was for a reason that I didn't want to short. The chart on CME shows that the price left a gap at $107,740.
Nevertheless, I will note yesterday's good short signal according to the strategy. Another one has formed now.

#BTC #short

Mega crypto trader James Wynn opened a short on BTC with a 40x leverage

Current position: 13.9 BTC (~$1.49 million)
Liquidation price: $108,630

Previously, he opened a long on BTC with a 40x leverage, but the war between Iran and Israel put him in a position with a loss of $2 million.

#BTC #short

BTC CME

The channel is narrowing. This is normal for standard non-volatile weekends.
The CME gap level already matches the overbought condition, so I am not considering shorts today, only longs when we drop into oversold territory.

#BTC #cme

Bhutan has become the owner of the third largest state Bitcoin reserve in the world

The Bitcoin capital of the small Himalayan state reached $1.3 billion in fiat currency as of June 2025, which is equivalent to nearly 40% of the national GDP.

Unlike other countries, Bhutan did not acquire cryptocurrency through trading or confiscations. Instead, the state secretly launched a Bitcoin mining program back in 2020, utilizing excess electricity from hydroelectric power stations.

The project started during the pandemic when the country's borders were closed, and the first mining installation was deployed near the Dochula pass. Due to movement restrictions, engineers had to assemble and configure the equipment themselves. The first pair of ASIC devices caused overheating and a fire alarm in the middle of the night, but by 2022, four state mining farms were operational.

The increase in the price of Bitcoin from $10,000 in 2020 to over $100,000 in 2025 allowed the authorities to use cryptocurrency to finance key budgetary tasks. As Prime Minister Tshering Tobgay noted, it was the revenue from BTC that enabled salary increases for civil servants.

#BTC

BTC CME

Friday trading on the CME exchange ended at $107,740
Levels of interest for the weekend strategy:
108,000 and above for selling
105,900 and below for buying

#btc #cme