updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131The Bhutan government has continued moving Bitcoin (BTC) as the country intensifies its selling spree. The government-linked wallets shifted over $18 million worth of BTC today, according to on-chain records. It coincides with a downturn in the crypto market, which would further weigh on the BTC price trajectory. Ad Ad Bhutan Government Transfers Bitcoin Today
The post Bhutan Govt. Moves $18M in Bitcoin Amid BTC Sell-off Spree appeared first on CoinGape.
]]>The crypto sell-off currently seen in the market could still get a lot worse amid weakening market fundamentals. Raoul Pal shared his concerns about the current liquidity crisis in the United States due to the government shutdowns. Raoul Pal Links Crypto Sell-Off to Liquidity Drought In a recent X post, Raoul Pal, CEO and founder
The post Is the Crypto Sell-Off Just Starting? Raoul Pal Flags US Liquidity Crisis From Govt. Shutdown appeared first on CoinGape.
]]>US VP J.D Vance hints at first US Government Shutdown in 7 years at an Oval office press-briefing on Sept. 30, sparking fresh risk signals across global markets.
According to Reuters, the lawmakers remain deadlocked on a $1.7 trillion “discretionary” spending for key agency operations.
The shutdown could cut off US government funding to key federal projects starting on Oct. 1, if Republican Party and Democrats lawmakers fail to reach a timely agreement on the spending bill, or an extension before midnight. This is expected to have considerable economic impact, with critical bureaucratic services placed on hold as government offices close down, while non-essential workers may suffer redundancy.
Prediction markets show 87% Chance of US Government Shutdown | Source: Kalshi, Sept 30
Real-time data from predictions market platform Kalshi shows 87% expectations of a shutdown, with total wager approaching $2.5 million as of this report.
Instant impact was seen in key markets with Gold (XAU) price moving up 0.6% to $3,843 and the tech-heavy S&P 500 rising 0.1%. Meanwhile with the Dow Jones Industrial Average (DJI) down 0.022% reflecting active capital rotations as investors react.
President Donald Trump has threatened irreversible job cuts for federal workers according to BBC News, amplifying uncertainty across key markets. While Bitcoin
BTC
$114 415
24h volatility:
0.1%
Market cap:
$2.28 T
Vol. 24h:
$57.43 B
price consolidates near weekly-time frame peaks around $114,000, exposure to the US financial markets could see traders maintain a cautious stance.
Before rebounding to $114,200 on Sept. 30, Bitcoin price initially retraced under $113,500 with bears promptly deploying $1.4 billion as markets braced for impact of the imminent US government shutdown talks.
BTC has often rallied on safe-haven bets during periods of testy political crisis. However Bitcoin’s volatile price action and derivatives trading metrics seen on Sept. 30 signals bearish expectations from cross-exposure to US markets.
Since the last Government shutdown on Dec. 22, 2018, cryptocurrencies have become increasingly entangled with US financial markets and political landscape.
Top 100 Publicly US-listed Firms Holding Bitcoin, as of Sept. 30, 2025 | Source: BitcoinTreasuries
Crypto-native firms like Coinbase and Robinhood have been included in the S&P 500 boosted by a positive shift in US crypto regulations under the current Trump regime that took over in January 2025.
More so, BitcoinTreasuries lists over 100 public corporations in the US carrying a cumulative 1,031,879 BTC on the balance sheet, including world largest asset manager Blackrock which currently holds nearly $100 billion across its active ETF offerings for BTC and ETH.
Bitcoin short traders deploy $1.4 billion of $2.4 billion total leverage at $115.3k | Source: Coinglass
Coinglass liquidation map data captures the BTC short traders’ reaction to the US government shutdown reports. As depicted below, active BTC SHORT positions rose to $2.4 billion with longs limited to $1.73 billion over the last 24 hours, reflecting dominant bearish expectations.
A closer look at the chart shows the BTC short traders clustered $1.4 billion in leverage around the $115,000 price level, accounting for 58% of the total active positions.
As the US Government shutdown remains unconfirmed, the looming short leverage cluster at $115,000 could limit Bitcoin rebound prospects as traders weigh their options.
Bitcoin price trades inside a rising wedge formation on the weekly chart, a structure often preceding sharp directional moves. At current levels near $113,871, BTC is pressing the mid-range, with bulls and bears evenly matched.
On the upside, rising Price-to-Volume ratio (PVT) levels around 725,550 BTC support an optimistic Bitcoin price outlook, suggesting long-term capital inflows still remain intact. If shutdown fears fuel safe-haven demand as seen in Gold entering overbought territories, Bitcoin bulls could capitalize to trigger a breakout above the Rising wedge’s upper boundary near $120,000.
Bitcoin (BTC) Technical Price Analysis | Source: TradingView
Conversely, the MACD line at 4,861 trending below the signal at 5,859 signals fading momentum, while histogram weakness reflects building downside pressure. A breakdown below wedge support at $105,000 would confirm bearish divergence, potentially accelerating losses toward $95,000.
With the largest leverage cluster currently at $115,000, this level remains critical to Bitcoin’s next move. A rejection there could confirm bearish dominance, while a decisive close above it in the coming days, may trigger a short covering frenzy, potentially driving BTC price to $120,000.
With Bitcoin traders weighing headwinds from the imminent US government shutdown, investors are turning to early-stage projects like Best Wallet (BEST), for upside momentum.
Best Wallet (BEST) is a multi-chain storage solution built with institutional-grade security to disrupt the $11 billion non-custodial wallet sector.
Best Wallet (BEST) Presale
At press time, the Best Wallet presale has surpassed $16.1 million raised. With less than 24 hours until the next price tier, investors can still acquire tokens at $0.0257 via the Best Wallet website, to unlock early-entrant benefits ahead of its official launch.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Ibrahim Ajibade is a seasoned research analyst with a background in supporting various Web3 startups and financial organizations. He earned his undergraduate degree in Economics and is currently studying for a Master’s in Blockchain and Distributed Ledger Technologies at the University of Malta.
The Bhutan government transferred an additional 419.5 BTC on Wednesday, raising concerns about rising selling pressure in the crypto market. This comes following $107 million in Bitcoin moved to a wallet by the Bhutan government last week as the U.S. Federal Reserve resumed rate cuts. The Royal Government of Bhutan Transfers $47M Bitcoin Lookonchain reported
The post Just-In: Bhutan Govt Moves Another $47M in BTC Amid Rising Selling Pressure appeared first on CoinGape.
]]>Just at the time when Bitcoin price hits an all-time high at $112,000, the Govt. of Bhutan has transferred 213 BTC from its Binance deposits, sparking speculations of a sell-off. On-chain data shows that they have been transferring BTC over the past two weeks. BTC is showing massive strength today, entering a new price discovery
The post Is Bhutan Govt. Selling Bitcoin As Price Breaks All time high? appeared first on CoinGape.
]]>The US govt has dumped a massive 69,370 Bitcoins, worth a massive $6.7 billion, seized from the popular darknet marketplace Silk Road. This comes as the US Department of Justice (DoJ) approved clearing the prolonged dispute of BTC claims by Battle Born Investments. This has led investors to question whether another BTC price crash under $90,000 is coming soon as the asset took a dip under $93,000 earlier today.
As reported earlier by DB News, the US DOJ approved the government to sell 69,370 Bitcoins seized from the Silk Road darknet. DOJ cited Bitcoin price volatility as the reason for allowing the US govt to liquidate the assets.
Hours after the reports, the balance in the US government wallet dropped to zero, from $6.7 billion on January 8, as per the data by Arkham Intelligence,
Interestingly, the selloff comes just 10 days before Donald Trump took office at the White House on January 20. While the Trump team has been thinking about building strategic Bitcoin reserve, the Biden govt has made a hasty decision to liquidate Bitcoin.
Interestingly, this decision from the federal judge comes soon after the new administration took charge of the office two weeks ago. The ruling, made on December 30, comes after the resolution of a prolonged ownership dispute with Battle Born Investments. The investment firm failed to get the ownership of BTC through a bankruptcy estate.
Battle Born’s legal team has strongly criticized the decision, with their attorney characterizing it as “another egregious example of the DOJ’s abuse of the Civil Asset Forfeiture process.” They argue that the government employed “procedural trickery to make sure the facts are never heard.”
Following the rejection at the $100K level, the Bitcoin price is seeing strong selling pressure wiping off all the weekly gains. As of press time, the BTC price is trading 2.47% down at $93,915.9 with a market cap of $1.86 trillion.
Furthermore, the BTC price is showing no strength in the derivatives market as the Bitcoin funding rates have dropped considerably. CryptoQuant analyst ShayanBTC noted:
“In the recent Bitcoin rally, Funding Rates showed a sharp increase midway through the upward trend, suggesting a delayed influx of demand. However, after Bitcoin faced rejection at the $108K resistance, Funding Rates declined significantly”.
On the other hand, short-term traders are moving to exchanges at a loss in what seems to be a panic selling ahead. As per the on-chain data, short-term holders have moved 23,200 to exchange recently at a loss.
Short-Term Holders moved 23,200 $BTC to Exchanges at a Loss. pic.twitter.com/lhTY2GmTZd
— Maartunn (@JA_Maartun) January 8, 2025
However, popular leaders like Robert Kiyosaki stay bullish about BTC. He wrote:
“BITCOIN crashing. Great news. I continue buying Bitcoin because Bitcoin crashing means Bitcoin is on sale. Remember “Buy low….and HODL.” Less than 2 million more Bitcoins to be mined”.
The month of January following the halving year has always been volatile for Bitcoin, historically. On the other hand, former BitMEX CEO Arthur Hayes predicts a $612 billion liquidity infusion in Q1 2025 which will take Bitcoin to new highs.
El Salvador President Nayib Bukele hinted at adding more Bitcoins to its portfolio as US govt sold. He said, “Maybe we’ll all get the chance to buy Bitcoin at a discount!”
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Royal Government of Bhutan sold a total of 406 Bitcoins from its treasury, worth $40 million, as the BTC price attempts a break to new all-time highs. Over the last two months, the Butan govt has been offloading its stake at periodic intervals amid the massive Bitcoin price rally, especially after Donald Trump’s victory.
As per the on-chain data from Arkham Intelligence, the Royal Government of Bhutan transferred 406 BTC, valued at approximately $40 million, to QCPCapital. The transfer has triggered widespread discussions, with many speculating it is a selling move.
The data shows that the Bhutan govt now holds 11,791 Bitcoin in its treasury which still makes it the fourth-largest government holder of BTC worldwide. The value of its Bitcoin holdings as of the current BTC price remains around $1.164 billion. Notably, Bhutan is a haven for Bitcoin miners with the government acquiring a majority of its BTC through hydro-powered mining operations.
Since the rise in Bitcoin’s price in late October, the Royal Government of Bhutan has sold 1,696 BTC, valued at approximately $139 million, at an average price of $81,999. They conducted the transactions through Binance and QCP Capital.
The development comes at a time when Bitcoin price has been struggling to overcome the $100K barrier amid a sell-off from long-term holders. During writing, the BTC price was trading 1.6% down at $98.190 with a market cap of $1,943 trillion.
Analyzing open interest (OI) for the December 27, 2024 expiration, a total of 139,960 Bitcoin options contracts will expire on December 27, per data on Deribit. QCP suggests that while a squeeze higher could occur if spot prices rise, they are less inclined to expect this. The firm observed profit-taking on long BTC-100k-C positions, with some traders rolling their positions to March (130k-150k), indicating a significant supply of upside gamma.
While Bitcoin price struggles to breach the $100K level in the short term, analysts continue to stay bullish for 2025. Standard Chartered has already predicted Bitcoin will reach $200K by the end of 2025. Also, inflows in Bitcoin ETFs and institutional buying by MicroStrategy, etc. can propel higher rallies. Besides, recent reports suggest that tech giants like Amazon and Microsoft will build their Bitcoin treasury next year.
The crypto market enters a pivotal week as attention turns to the upcoming US Consumer Price Index (CPI) inflation figures. Additionally, investors will also closely watch the release of the US Producer Price Index (PPI) data.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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