The Royal Government of Bhutan has transferred over $100 million worth of Bitcoin, moving 913 BTC into two new wallets amidst concerns about potential market sell pressure following the U.S. Federal Reserve's recent interest rate cut. Bhutan’s wallet still retains approximately 9,652 BTC, valued at over $1.1 billion. This transaction marks the government's first activity in over a month, as analysts predict increased volatility for Bitcoin, which historically dips 5-8% following interest rate cuts before recovering. Amid these developments, another previously dormant wallet transferred a substantial amount of Bitcoin worth around $847,000 shortly before the Fed's announcement. Experts suggest that Ethereum and Solana may outperform Bitcoin in the near term due to ETF-driven inflows and upcoming catalysts. Overall, Bhutan’s Bitcoin movement is seen as a significant indicator of possible future market fluctuations.

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