隨著 BTC 觸及 9.3 萬美元以上的歷史新高，不丹出售了價值 3300 萬美元的比特幣

不丹王國政府自 2019 年以來一直在開採比特幣，當時每枚比特幣的價格僅為 5,000 美元。

Bhutan has made headlines by selling off $33 million worth of BTC, sparking fresh questions about the market as Bitcoin continues its upward trajectory.

不丹因拋售價值 3300 萬美元的比特幣而成為頭條新聞，隨著比特幣繼續上漲，引發了市場的新問題。

The move comes as Bitcoin touched a new all-time high above $93,000, leaving many to wonder: Is there a correction on the horizon?

這一舉動發生之際，比特幣觸及 93,000 美元以上的歷史新高，讓許多人想知道：是否即將出現調整？

The Royal Government of Bhutan has been accumulating Bitcoin since 2019, when the price was as low as $5,000 per coin. Fast forward to today, and Bhutan has amassed a digital store of value that is now worth over $1.1 billion.

不丹王國政府自 2019 年以來一直在累積比特幣，當時價格低至每枚 5,000 美元。快進到今天，不丹已經累積了價值超過 11 億美元的數位儲存價值。

On November 14, the Royal Government of Bhutan deposited 367 BTC on Binance, which is valued at $33 million. The move comes two weeks after they sold $66 million worth of BTC as the price crossed $70,000.

11 月 14 日，不丹王國政府在幣安存入 367 BTC，價值 3,300 萬美元。兩週前，當比特幣價格突破 7 萬美元時，他們出售了價值 6,600 萬美元的比特幣。

According to Arkham Intelligence, the government’s decision to move coins to Binance for sale is part of a larger strategy. It’s clear that Bhutan is locking in profits as Bitcoin soars, but the big question is: why now?

據 Arkham Intelligence 稱，政府決定將代幣轉移到幣安進行銷售是更大策略的一部分。很明顯，隨著比特幣的飆升，不丹正在鎖定利潤，但最大的問題是：為什麼是現在？

The answer may lie in the phenomenal growth of Bitcoin. BTC has surged by about 50% over the last month to reach a new all-time high of around $93,000.

答案可能在於比特幣的驚人成長。 BTC 上個月飆升約 50%，達到 93,000 美元左右的歷史新高。

Given the unpredictable nature of most cryptocurrencies, it comes as no surprise that Bhutan is choosing to sell off some of its holdings.

鑑於大多數加密貨幣的不可預測性，不丹選擇出售部分資產也就不足為奇了。

However, while Bhutan is selling, they are not completely out of the picture. The country still holds more than 12,000 BTC, maintaining its position as one of the largest sovereign holders of Bitcoin.

然而，儘管不丹正在出售，但他們並沒有完全退出市場。該國仍持有超過 12,000 枚比特幣，保持其作為比特幣最大主權持有者之一的地位。

The government’s slow steps of gradually selling a small portion of their stash while retaining the bulk of it suggest an effort to lock in profits without fully exiting.

政府緩慢地逐步出售一小部分庫存，同時保留大部分庫存，這表明政府努力在不完全退出的情況下鎖定利潤。

Is Bitcoin Due for a Pullback?

比特幣是否會回調？

Several experts are warning that an adjustment is due following the new height attained by Bitcoin.

幾位專家警告稱，比特幣達到新高度後將進行調整。

Crypto analyst Ali Martinez also highlighted the TD Sequential indicator, which is signaling that a retracement could be coming soon.

加密貨幣分析師 Ali Martinez 也強調了 TD 順序指標，該指標表明回檔可能即將到來。

But while some are preparing for a pullback, others are still going all-in. According to data from Santiment, Bitcoin whales have added over 100,000 BTC to their holdings in the past week alone.

但儘管有些人正在為回調做準備，但其他人仍在全力以赴。根據 Santiment 的數據，光是過去一周，比特幣鯨魚就增持了超過 10 萬枚 BTC。

Bhutan’s recent Bitcoin sales also highlight a broader trend of governments and large institutions becoming increasingly involved in the crypto market.

不丹最近的比特幣銷售也凸顯了政府和大型機構越來越多地參與加密貨幣市場的更廣泛趨勢。

The United States government, for example, has become the largest holder of Bitcoin among governments, thanks to seizures.

例如，由於沒收，美國政府已成為各國政府中最大的比特幣持有者。

But with pro-crypto figures like Donald Trump considering a Strategic Bitcoin Reserve, Bhutan’s calculated approach could be a preview of government-backed Bitcoin accumulation to come.

但隨著唐納德·川普等支持加密貨幣的人物考慮建立戰略比特幣儲備，不丹經過深思熟慮的做法可能是政府支持的比特幣累積即將到來的預演。

What’s Next?

接下來是什麼？

With so much riding on Bitcoin’s next move, the question remains: will it continue its meteoric rise or face a significant pullback?

由於比特幣的下一步走勢受到如此多的影響，問題仍然存在：它會繼續迅速上漲還是面臨大幅回調？

Analysts are divided. While some believe that Bitcoin could hit $100,000 by the end of the year, others are preparing for a correction.

分析師意見不一。雖然有些人認為比特幣到今年年底可能會達到 10 萬美元，但其他人正在為回調做準備。

As the market continues to fluctuate, Bhutan’s strategic sales could be just the beginning of what’s to come.

隨著市場持續波動，不丹的策略銷售可能只是未來的開始。

For now, one thing is clear: Bitcoin’s volatility is as high as ever. As governments and institutional players like Bhutan continue to make their moves, all eyes will be on the flagship cryptocurrency, waiting to see which direction it takes next.

目前，有一件事是明確的：比特幣的波動性一如既往地高。隨著不丹等政府和機構參與者繼續採取行動，所有人的目光都將集中在旗艦加密貨幣上，等著看它下一步的發展方向。

At the last count, Arkham Intelligence reports that Bhutan currently holds approximately $1.03 billion in Bitcoin, with a total of 12,206 BTC.

根據 Arkham Intelligence 的最新統計，不丹目前持有價值約 10.3 億美元的比特幣，總計 12,206 枚比特幣。

In addition to BTC, the country also has around $2 million in Ether (ETH) and other cryptocurrencies.

除了 BTC 之外，該國還擁有價值約 200 萬美元的以太幣 (ETH) 和其他加密貨幣。