🚨THIS IS INSANE: Bhutan dumped 70% of its entire Bitcoin holdings over the last 18 months.

They went from 13,000 $BTC all the way down to just 3,954 $BTC.
No major mining inflows in over a year either, their mining activity has basically ground to a halt.
A nation state that was one of the earliest and most aggressive Bitcoin miners on Earth is now quietly cashing out massive chunks at these prices.
This is the kind of quiet nation state selling that rarely makes headlines but moves markets.