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The government of the Kingdom of Bhutan transferred 20.5 bitcoins to QCP Capital, according to Golden Finance. On March 17, the Bhutanese government transferred 20.5 BTC (approximately $1.52 millio...

On March 17th, CryptoQuant analyst @AxelAdlerJr stated that recent inflows into Bitcoin spot ETFs have rebounded, but the Bitcoin price remains $5,174 below the ETF's effective price (note: this can be approximated as the average cost price of Bitcoin held by the ETF). The analyst suggested that a recovery in demand could drive prices up, but resistance around $80,000 might trigger profit-taking, and subsequent macroeconomic data should be monitored to assess breakout potential.

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