A notable on-chain movement from Bhutan. According to Arkham Intelligence data, the government recently transferred 175 million USD (~$11.8 million) from its main wallet to a new address created last month. There are no immediate signs of selling, but it's quite similar to previous patterns where they typically moved $5-10 million before allocating or selling a portion of their Bitcoin. Bhutan still has approximately $5,400 worth of BTC, mostly mined through hydropower. Normal treasury management or preparing to take profits? # BingX