Bhutan Transfers Another 90 BTC as 2026 Total Exceeds $237 Million

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 hour ago

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Bitcoin Transfer Activity: Bhutan recently transferred 90 BTC (approximately $7 million) to a SegWit address, bringing the total transfers for 2026 to over $237 million, indicating the country's ongoing engagement in its sovereign crypto strategy.
Declining Holdings: Arkham data reveals that Druk Holding and Investments has seen its Bitcoin holdings decrease by around 10,000 BTC since October 2024, dropping from 13,390 BTC to roughly $233 million, suggesting potential selling activity.
Transaction Flow Analysis: Blockchain records indicate that earlier transfers directed funds toward wallets associated with Galaxy Digital and OKX, implying Bhutan may be engaging in transactions with major crypto trading platforms, which raises market interest.
Mining Model Pressure: Bhutan has built its Bitcoin reserves through hydropower-backed mining operations, but the 2024 halving has reduced block rewards to 3.125 BTC, increasing competition and potentially impacting future mining profitability.

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Technical Analysis for ARKM

Technical Sentiment Analysis for Arkham (ARKM). As of , Arkham (ARKM) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 4 indicators are flashing buy, while 2 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ARKM stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, ARKM is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Arkham (ARKM) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0704	0.0912	0.11	0.131	0.149	0.17	0.189
Fibonacci	0.0912	0.106	0.116	0.131	0.146	0.155	0.17

About ARKM

Arkham is a blockchain analysis platform that uses artificial intelligence (AI) to deanonymize the blockchain and on-chain data.The platform’s two main components are the Analytics Platform and Intel Exchange. The Analytics Platform covers analytics on various entities, exchanges, funds, whales and tokens. For instance, you can check the portfolio holdings, transaction history, exchange flows, network relationships and other on-chain analytics. The Intel Exchange allows anyone to buy and sell address labels and other intelligence, either through bounties, auctions or the DATA Program.Arkham uses an in-house AI engine with various sources of data, such as public records, social media, web scraping and user submissions. The data is used to label addresses and provide entity analytics for ULTRA, the company’s AI algorithm.Arkham’s platform can be used for various purposes, such as tracking stolen funds, identifying fraudsters, verifying counterparties, auditing transactions, investigating hacks, and more. Arkham claims that its platform can help combat the proliferation of crypto crimes and scams by incentivizing on-chain research.However, Arkham’s platform has also raised privacy concerns among some crypto users and advocates, who argue that deanonymizing the blockchain violates the principles of anonymity and censorship-resistance that underpin the crypto movement. Arkham has defended its platform by saying that it does not collect or store any personal data from users, and that it only provides publicly available information that can be verified on the blockchain.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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