The Royal Government of Bhutan recently transferred over $100 million worth of Bitcoin, moving 913 BTC into two newly-created wallets, while still holding over $1.1 billion in Bitcoin. Given recent US Federal Reserve interest rate cuts, analysts predict potential short-term market volatility as the transfer may indicate Bhutan is preparing to liquidate a portion of its holdings. Historically, Bitcoin has experienced a dip of 5-8% following rate cuts before rebounding. Alongside Bhutan's activity, an unknown entity awakened after 12 years to transfer $847,000 worth of Bitcoin, further indicating increased activity among large holders. As the Fed signaled only targeted rate cuts, experts foresee Ethereum and Solana possibly outperforming Bitcoin amidst ongoing ETF-driven inflows. The article emphasizes the shifting dynamics in the cryptocurrency market in light of significant financial maneuvers by both retail and institutional investors.

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