• Bitcoin sees Bhutan adding 800 BTC, bringing national reserves to 9,969 BTC (~$1.15B), reflecting growing adoption.
• BTC dips 0.77% to $116,500, with $59.21 billion in trading volume, indicating a temporary market pause.
• The Golden Cross forms for the fourth time in history, historically preceding significant BTC rallies.

Bitcoin dipped -1.02% to $116,500 with a $2.32T market cap, even as Bhutan quietly expanded its holdings by 800 BTC, bringing its national reserves to nearly 10,000 BTC worth $1.15B. Analysts see this accumulation as a sign of growing state-level interest in digital assets.

Bhutan Adds 800 BTC, Bitcoin Reserves Hit $1.15B

Well-known crypto analyst Crypto Patel noted that Bhutanese authorities recently transferred 800 BTC, which translates to approximately $92.08 million. This brings the nation’s total BTC reserves to 9,969 BTC, valued at approximately $1.15 billion.

Patel added that Bhutan is gradually increasing its Bitcoin reserves at the national level, indicating a growing interest in digital currencies.

Bitcoin’s Golden Cross Signals Potential Major Rally

Boosting market optimism, Marlijn The Trader highlighted that Bitcoin has triggered the bullish Golden Cross formation. Historically, this pattern has appeared only three times in BTC’s past, each leading to massive price surges: 264% in 2016, 2200% in 2017, and 1190% in 2020.

With the Golden Cross now forming for the fourth time in 2025, Marlijn suggests it could signal another significant upswing for BTC.

Although BTC has seen a slight decline, developments, such as nationwide aggregation and strong technical indicators, suggest that BTC may be on the brink of a huge upsurge. Investors are closely monitoring its next moves.

Also Read | Bitcoin at a Crossroads: Can BTC Hold $110K Support After $124K All-Time High?

Bitcoin Futures Heat Up with Strong Trading

BTC futures volume jumped 133% to $85.94 billion, reflecting a surge in trading activity and liquidity. However, open interest slipped slightly by 0.08% to $82.68 billion, suggesting that much of the action is short-term, with traders quickly opening and closing positions.

The OI-weighted funding rate stands at 0.0037%, showing that longs are paying shorts and pointing to mild bullish sentiment. Overall, activity is heating up in BTC futures, with enthusiasm building even as positions remain balanced.

Also Read | Bitcoin at $100K: Golden Cross Signal Meets Holder Pressure