I noticed an interesting movement — Bhutan is moving Bitcoin again. This time, they transferred 319.7 BTC to two addresses. Based on today's rates, that's about 24 million dollars. One address looks new, while the other has been used before for trading withdrawals. It seems the kingdom is preparing to sell. Bhutan has long been known as a serious crypto accumulator — they regularly replenish reserves, but from time to time, they release some onto the market. Such movements usually indicate that they see a favorable point to lock in profits. It will be interesting to see how this affects the price if they actually start selling. Bhutan isn't as large a player as some funds, but when they move hundreds of bitcoins, it's still noticeable on the charts.