随着 BTC 触及 9.3 万美元以上的历史新高，不丹出售了价值 3300 万美元的比特币

不丹王国政府自 2019 年以来一直在开采比特币，当时每枚比特币的价格仅为 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.

不丹因抛售价值 3300 万美元的比特币而成为头条新闻，随着比特币继续上涨，引发了市场的新问题。

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?

这一举动发生之际，比特币触及 93,000 美元以上的历史新高，让许多人想知道：是否即将出现调整？

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.

不丹王国政府自 2019 年以来一直在积累比特币，当时价格低至每枚 5,000 美元。快进到今天，不丹已经积累了价值超过 11 亿美元的数字存储价值。

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，不丹王国政府在币安存入 367 BTC，价值 3300 万美元。两周前，当比特币价格突破 7 万美元时，他们出售了价值 6600 万美元的比特币。

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?

据 Arkham Intelligence 称，政府决定将代币转移到币安进行销售是更大战略的一部分。很明显，随着比特币的飙升，不丹正在锁定利润，但最大的问题是：为什么是现在？

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.

答案可能在于比特币的惊人增长。 BTC 上个月飙升约 50%，达到 93,000 美元左右的历史新高。

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

鉴于大多数加密货币的不可预测性，不丹选择出售其部分资产也就不足为奇了。

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，尽管不丹正在出售，但他们并没有完全退出市场。该国仍持有超过 12,000 枚比特币，保持其作为比特币最大主权持有者之一的地位。

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.

政府缓慢地逐步出售一小部分库存，同时保留大部分库存，这表明政府努力在不完全退出的情况下锁定利润。

Is Bitcoin Due for a Pullback?

比特币是否会回调？

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

几位专家警告称，比特币达到新高度后将进行调整。

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

加密货币分析师 Ali Martinez 还强调了 TD 顺序指标，该指标表明回调可能即将到来。

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.

但尽管有些人正在为回调做准备，但另一些人仍在全力以赴。根据 Santiment 的数据，仅过去一周，比特币鲸鱼就增持了超过 100,000 枚 BTC。

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

不丹最近的比特币销售也凸显了政府和大型机构越来越多地参与加密货币市场的更广泛趋势。

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

例如，由于没收，美国政府已成为各国政府中最大的比特币持有者。

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.

但随着唐纳德·特朗普等支持加密货币的人物考虑建立战略比特币储备，不丹经过深思熟虑的做法可能是政府支持的比特币积累即将到来的预演。

What’s Next?

接下来是什么？

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

由于比特币的下一步走势受到如此多的影响，问题仍然存在：它会继续迅速上涨还是面临大幅回调？

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

分析师意见不一。虽然一些人认为比特币到今年年底可能会达到 10 万美元，但其他人正在为回调做准备。

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

随着市场持续波动，不丹的战略销售可能只是未来的开始。

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，有一件事是明确的：比特币的波动性一如既往地高。随着不丹等政府和机构参与者继续采取行动，所有人的目光都将集中在旗舰加密货币上，等着看它下一步的发展方向。

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

根据 Arkham Intelligence 的最新统计，不丹目前持有价值约 10.3 亿美元的比特币，总计 12,206 枚比特币。

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

除了 BTC 之外，该国还拥有价值约 200 万美元的以太币 (ETH) 和其他加密货币。